Would a Government of China try to Foreclose upon a United States?

[froggy]

Travel What would happen if the United States refused to repay back its loans to China? for Traveler

 

[Intense]

I think they will settle for our oil and mineral rights.

 

[Agit8r]

haha. who would buy their leaded trinkets then

 

[rightwinger]

Would they sell their cash cow?

 

[Sallow]

China foreclosing? How exactly?

Bonds are not like stocks..you can't just suddenly dump them all.

 

[Intense]

haha. who would buy their leaded trinkets then

They will sell us our oil silly!!! Gulf oil, west coast oil, east coast oil, rocky mountain oil.

 

[Revere]

It's more gradual, subtle, and insidious than that.

China won't keep buying Obama's garbage debt for nothing in return.

 

[froggy]

Refuse to Pay Government Debt Incurred for Unlawful and Oppressive Purposes ... It Is the Personal Debt of Those Who Ordered It to Be Incurred → Washington's Blog

There is an established legal principle that people should not have to repay their government's debt to the extent that it is incurred to launch aggressive wars or to oppress the people.

These "odious debts" are considered to be the personal debts of the tyrants who incurred them, rather than the country's debt.

 

[Intense]

It's more gradual, subtle, and insidious than that.

China won't keep buying Obama's garbage debt for nothing in return.

So the concession stands at places like Yosemite, aren't donna do it, anymore... uh-oh.

 

[Rozman]

Where would the Dems go to get their funding to extend unemployment benefits for 999,999,999 weeks

 

[Intense]

Where would the Dems go to get their funding to extend unemployment benefits for 999,999,999 weeks

That's still not long enough.

 

[rikules]

It's more gradual, subtle, and insidious than that.

China won't keep buying Obama's garbage debt for nothing in return.

because
as all SMART conservatives KNOW for an absolute FACT

none of this happened BEFORE obama came to office

(kindly note sarcasm and roll of eyes)

 

[hipeter924]

No, but eventually they will give the Obama admin. a good talking to about reckless spending and deny the US extra credit.

 

[Revere]

Bush never begged China to buy American debt. That's a post Obama thing.

 

[Toro]

China couldn't do anything.

However, the dollar would tank and interest rates spike, leading to another financial crisis and an even worse recession than the one we've been in.

 

[Avatar4321]

Foreclose? We don't have a mortgage with them. There wouldnt be foreclosure

No. There would be war. How strong do you think our military will be if we can't borrow money? Don't get me wrong, I think our soldiers would still be excellently trained regardless, but we won't have money for weapons, tech, armor, etc. China would have a clear advantage after the stuff we do have runs out. Not to mention they have advantages on numbers.

I hardly think China would be the only country. If the rest of the world things we are defaulting and weak, and that they have the chance to take our wealth and resources, do you think they wouldn't join China in the effort?

I don't think its going to happen soon. But I don't see how this scenario is avoided if we don't stop this borrowing.

 

[Avatar4321]

It's more gradual, subtle, and insidious than that.

China won't keep buying Obama's garbage debt for nothing in return.

because
as all SMART conservatives KNOW for an absolute FACT

none of this happened BEFORE obama came to office

(kindly note sarcasm and roll of eyes)

I hardly think political persuasion matters in determining the obvious. They are investing in our debt. We can't simply spend as if they will always be investing because if we do that, they will stop investing. It will be worthless.

Ask yourself one question. Would you invest in something where you never expected to recieve your money back let alone any increase on it?