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

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

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?

I guess it feels like a dick move to prop up the communist government for our own benefit

ya that is the problem i have always had with out relationship with china to begin with