Message from @TylerC
Discord ID: 491631274931257347
So really, if you look at the technicals... most of the money is own by American Companies in China.
While maybe 1/4th of that debt is owned by China itself.
i think a lot of that is incorrect, but i have no sources at the moment to back it up
For it to be impactful, they would have to take over United States companies somehow without forfeiting that debt.
its a communist state, dont put that behind them
Venezuela seized companies too
It would make that debt useless.
ya that is what would happen next, the seizures
and we know how that goes
They wouldn't be able to claim it.
Seizing a foreign nation's company and trying to claim that debt makes it invalid.
The debt would be defaulted, leading to United States being free from it.
If China goes bankrupt, they'll need bail-out money from the US which they'll get, in exchange for removing the debts, and adding to the debt China has to the US
which they'll pay off slowly cuz the low economy, causes a boom in industry cuz they're cheap now
investors will flood to China, making it wealthy again, to pay off the US
ima bail out now 😛
i think what doc says makes a bit more sense to play out
Dusty i think you are looking at it from a consumer debt point of view
i dont believe a nations debt works the same
i could be way off
or the relief money wil just be the repayment not really a canceling
the question is
do we really have enough to prop up china if we have to?
i think that is a much bigger question
im not so sure we do
oh lord. europe would probably have to chip in too i bet
at the very least
would likely take the whole world chipping in to stop the collapse if it came to that point
Besides I don't think China would sell off debt, even if their economy collapses.
Pegging their Currency to ours aka Debt keeps their currency afloat.
yes
im not 100% sure about this, but didnt trump make a move recently to stop that practice?
i thought i had heard something about that
Sell off that Debt ensures they will have no way to regrow economy.
No he didn't. He did place 200 billion tarrifs on China.
this isn't a topic I know much about, but why would we want to save the oppressive communist government in China?
Anyways AFK.
@madchatter because they own a sizable chunk of our debt, and make all of our cheap items
in a nutshell
those are the 2 biggest reasons for us as americans