Message from @TylerC
Discord ID: 491631637382168581
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
but i do think a trade of canceling debt for relief money is the likely scenerio
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
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
it'd be better for them to rebuild as a free country, though
what would we do while we wait for that to happen though
thats at the fastest possible, like a 5 year move
plus, as long as they're communist, they will have increasing problems (housing situation for normal citizens is terrible there)
i had someone the other day try to tell me china didnt count as communist anymore... i was like wait what?