Soundwave on 14 November 2016
| fatslob-:O said: The myths that the OP spouts ... "And China also holds a huge amount of US debt, if they called that in, the US would be in massive trouble.", this is wrong on so many levels I don't even know where to begin ... China only holds around 7% of all US debts and there's a reason why treasury bonds have "maturity dates" so it doesn't work like that FYI ... "China is not only far bigger economically, they are bigger militarily too", LOL wut ? China doesn't even yet compare to the United States if we're talking about true purchasing power based around the current benchmark. As far as China having a bigger military, maybe manpower wise but asset wise it's not even close since they only own like 1 aircraft carrier ... |
I meant China is bigger than Russia militarily and economically. If we are effectively "trading" a bad relationship with Russia for a bad relationship with China, that is a very (very) bad trade.
A tariff war will throw the global economy into a recession that would make 2008 look like child's play, that was just a mortgage crisis for a small segment of the population. This would be the entire economic engine of the world thrown into chaos.
The Chinese are vindictive too, if the US thinks Russia gave them headaches in Syria, China would interfere and frustrate the US behind the scenes all the time. Whatever enemy we have I would bet they would start financing them with big money, even ISIS, just to make life miserable for everyone else.
