AMERICA is in $$ Debt to China and Mexico & other countries, is this dangerous?

Question

What if China and Mexico etc. suddenly feels like they don't want to lend us money anymore?

If you were in debt with someone and they decide not to lend money to you anymore, what would happen to you?

Answer 1

not if you want to move to china or mexico

Answer 2

Actually, if America would stop forgiving the loans they've given to other countries, including Mexico, we wouldn't have the national debt we have. I have no idea how America could owe Mexico money considering how many times we've gone and said, "Oh, forget about it, you don't have to pay back that money we loaned you."

Considering that most countries in the world have outstanding loans from them and against them, with nobody apparently making any attempts to settle them, I wouldn't worry about it in comparison to other worldwide events.

If I was in debt to somebody, I'd be cutting everything out of my life that was no necessary to my survival and be paying them back, NOT trying to get more money or filing for bankruptcy.

You really can't apply a personal loan to countries' loans as an analogy. The differences and ramifications are too immense for that type of comparison.

Answer 3

Stop paying back their money, of course.

Seriously, deficit trading is not good or bad. It is an indication of their willingness to invest in the U.S. economy.

Look at the Japanese economy, for example. For years they had "negative interest rates" because of the moribund economy and the surplus cash floating around.

Chinese are interesting case. Why do Chinese companies want to purchase U.S. assets if their own national economy is supposedly growing like crazy? The growth rates are probably more than capitalized into asset prices. A number of China-oriented hedge funds have closed in the recent months, indicating that the easy pickings are long gone. The stock exchanges in China have fluctuated widely, meaning that many individual Chinese investors have literally lost their shirts.

Answer 4

There are a bunch of countries that are in debt to us from the World Wars-the only one that paid up back was I think Sweden or Finland (one of the norwegian countries) if the countries that we borrowed from want their money back, I think we should ask for the money we loaned to other countries then to pay China or Mexico.

Answer 5

It's very dangerous. One day they will own this country. If the world banks decided not to lend us anymore or called our debts in it would probably cause a major depression.

Answer 6

it ought to ensue in spite of the fact that it rather is not going. the U. S. shape could restrict certainly one of those circulate. in spite of the fact that, if a President wanted to be an absolute monarch, he ought to anticipate the astonishing to set aside or redraft the form. His challenge could be getting people to settle for his valid precise to try this. In prepare, an absolute monarch will rely on the loyalty of the two the army or the police - ideally the two. So if the President persuades the army and/or police to help the adjustments and to be keen to enforce them, they're going to stick. in spite of this, unpopular leaders are continuously in threat of overthrow or maybe after many an prolonged time, if a properly-liked insurrection manages to sway the police or military, the chief will basically be swept away. as a result, at an identical time because it rather is achieveable (yet impossible) that the U. S. ought to strengthen into an absolute monarchy, it rather is improbable that it may stay that way for extremely long.

Answer 7

we must have some way to sell our deb, i think we should try to spread it around if any way possible this way it doesnt give any one country power over us. Walmart is china's 5 largest trading partner; so we buy at walmart walmart buys at china china buy our debt. it's some what a catch 22 or is it.

Answer 8

Who says we need to borrow more money from them. They obviously feel its a good investment. Would you loan the majority of your money to someone who you didn't think could pay you back? China is very much invested in keeping the US making money now aren't they. They need those payments.

Answer 9

Yes, just as dangerous as long, sexy legs on a female ... they are sexy and long and spread to reveal her butter pecan pie. She lends it to you, but expects payment in the form of not only intangibles, but, $$$$$$ and 2 carat minimum princess cut diamonds. Her sexy long legs are ripe and give men boners and makes a man consider indebtedness, but, ulterior motives make her sexy long legs dangerous ... It will lead to debilitating immobilization, if managed ineffectively ...

Answer 10

Who cares we ain't sent them no gold.What are they going to do repo the Grand Canyon?