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The United States is so far into debt with China, that China essentially OWNS the USA. Ask a Question

The United States is so far into debt with China, that China essentially OWNS the USA.
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3 Answers

Strongly disagree, but China could possibly destroy the U.S. by recalling the loans.

China holds so much U.S. debt that if it called in the loans in the morning, the U>S. wouldn't exist by evening.

I wonder sometimes why they don't do just that. Is it all the atom bombs?

7 Replies to dauguy's answer

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I think it's because they value their association with Wal-Mart so much they are willing to put up with a lot of slackers. It's not the bombs. The bombs are an irrelevant catch-22 in that there are no winners no matter how one looks at it. If the heat and blasts aren't enough by themselves the fallout will certainly assure no winners, only losers. And nuclear winter isn't even the worst that can happen, just something as simple as rampant iodine deficiencies will cause untold loss of lives.

They can't afford to call in our loans. Their economy is dependent on the U.S. If we quit buying from them they will go under as well.

Are you of the opinion that governments act rationally? How interesting.

True dauguy, hard to believe there are people who still have faith in government.

That is one way of looking at it.

Or If the USA importers have poor sales to the USA customers, you go down and still have to pay the loans back.

Yet you seem to be a proponent of universal health care which will cost the US trillions of more dollars that we don't have.

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1 Replies to deleted user's answer

*ding* for the win.