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The Chinese hold most of our National Debt. The US wants to alter trade agreements.
What happens when we can't make the interest payments & they start forcloseing on the debt ?

2006-12-11 23:14:23 · 2 answers · asked by Bent O 1 in Business & Finance Credit

2 answers

We would declare a trade embargo on Chinese goods, and their economy would tank. They would never "call in" the USA debt they own. It would be suicide for them.

2006-12-11 23:49:28 · answer #1 · answered by Maldives 3 · 0 0

Just pay Russia with Alaska and Mexico with New Mexico and Japan with Hawaii.

2006-12-12 16:51:39 · answer #2 · answered by Anonymous · 0 1

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