Quote:
Originally Posted by Overload
simply put: if china decides to stop giving money to the US you can close doors  no more weapons, no more credit, no more living on debts - how wud ya cope with that? CHIMERICA IS THE TRUTH and without china the US wud fall like a dead man |
that's your opinion. but to answer your question, i don't live on credit whatsoever, i nursed myself off that teet over the last 2 years and plan to live within my cash means going forward.
Quote:
Originally Posted by Sausage
Oh I never meant to suggest there wouldn't be rather serious consequences for China. Even if they dumped their US bonds before they matured, they would take a gigantic financial hit and yes their number 1 customer would pretty much be wiped off the financial map and unable to buy anything.
Though Chinese are more capable of living in poverty if circumstance dictated it, and they do have a TON of other customers who would definitely keep buying. The US on the other hand would have a totally worthless dollar, and suffer post war German levels of hyperinflation .. it would pretty much be the end of the US as we know it.. and we all know Americans have never had to deal with true poverty.
America isn't going to attack China, and while China will prod the US from time to time, they aren't gonna attack you guys either. In 10 years they will be the world superpower anyway, and they know to just sit back and wait. America is digging its own grave ... that free trade agreement didn't work out too well for the US unfortunately.
|
i don't disagree with this.
however, things can change- paradigm shift.