If there was anything i learned from taking WHAP class is that China has always throughout history been a major power. China is basically a superpower now. They don't have a long way to go. Almost every country bascally depends on China to make everything. What will happen if all of that gets cut off?

A new currency couldn't be kept more magically stable than the US. Every investment (including China lending) has risk.

It won't be long before China sends a giant Sheriff's deputy to the U.S. with a giant U-Haul van and they repossess the entire country.

So i guess they already have collected enough USA loans to give them free reign in Asia without any fear of big brother messing into their affairs.

i wonder what you think what your status is? all countries i have been in the past think that the usa is nothing than a country which like to make war. you haven't a big status as big economy state or whatever. the only thing everyone is connecting with the usa is war. sry to say that but it is like it is.

noone in europe thinks you have a biger status than china. china is the world leader it would be stupid to think otherwise. sure the stock exchange is very dependet of the usa but they have their own unlogical rules. without the stock exchange it wouldn't be a problem for the world with a broke usa but yeah we all have seen the exchange changes all like we can see with greece. unimportant country for the economy but whole europe has panic because of the stock exchange...

Yep, saw that one coming, China doesn't do threats, they just do it. Now, they just need better sewers and public restrooms and it will be just peachy.

USA people are generally very egocentric, and I don't know why a lot of people have this superiority complex when the country is clearly fucked up from a 3rd person perspective, it's like they are peasents from a long product line of brain washing, and that's coming from a person who's been there since he was 13 years old, and that was a long ass time ago lol.

Fun fact: China does not own all of America's debt. Not even close. They own somewhere in the realm of $1.2 trillion of it, which makes them the single largest holder, but still puts them below 10% of the total pie. Indeed, only $4.5 trillion of the $14.5 trillion debt is held by foreign countries. A great deal of it is held by the government itself.

I'm glad they are going to stop letting the U.S. borrow all the time. It's like giving a crack addict what-ever he wants when-ever he wants. Can't learn from his mistakes if you just continue to give him more crack.

Yes. Most of that is pensions. I actually think they should just say "All pensions are cut by 20%" and then the debt would be correspondingly reduced. If spendng cuts are on the table why not pension cuts, as they would have much more effect on the debt?