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Old 11-06-2011, 01:12 PM   #37
Sniliabiz

Join Date
Oct 2005
Posts
415
Senior Member
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why would we do that?

we'd default first... that or send a carrier group to reclaim the TBills

besides, China has tons of their own problems to deal with.,... their economy is about to stall in a major way...
Last I checked China is still a communist country. As with any authoritarian government, they must either placate or distract their populous. This is meant to distract and appear strong.

OK. Let’s say China and Pakistan declare war on the US. So it’s WWIII. China would have North Korea which probably isn’t really an asset. They own Africa which would be blockaded. And in this scenario, religious extremists are allied with atheists. Not a great bond. But go ahead and have all the Arab spring countries already in turmoil.

Versus: USA, NATO (Europe), India, Japan, Taiwan, Singapore, Isreal, et al. Honestly, if the US just said that they wouldn’t accept debt from China, it would trickle out for pennies on the dollar and collapse the regime.

I’d argue that rattling sabers is usually for local consumption.
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