Since they own a significant portion of our nation's National debt, what effect will this have? Please be specific. There are rumors of this possibly happening in the near future.
2007-08-30 08:51:54 · 7 answers · asked by Anonymous in Politics & Government ➔ Other - Politics & Government
The USA is the golden goose for the rest of the world, the proverbial cash cow that sustains the rest of the world. Nothing is going to be done to harm the balance of those in power to keep the income flowing and to maintain their power, especially knowing that the ensuing economic result would be devastating on a world-wide level.
I say they'll keep selling us their poisoned food, lead based toys, tainted fortune cookies and everything else, so they can continue to milk us slowly. It's never beneficial for a parasite to kill its host right away. It's more beneficial to suck the life out of the host for as long as it can.
2007-08-30 09:03:50 · answer #1 · answered by Wayne G 5 · 3⤊ 0⤋
I don't think anything is going to happen. according to the debt and trading system these rumors might be wrong. and also as the president changes things also change, therefore, maybe the debt will be gone or at least reduce when the new president comes.
2007-08-30 14:20:00 · answer #2 · answered by yonilefikak 1 · 0⤊ 0⤋
We would be unable to pay the debt. I seriously doubt that they would call in the debt who else are they going to do a billion dollar a month trade with?
2007-08-30 09:00:08 · answer #3 · answered by ? 3 · 1⤊ 0⤋
We don't pay. What are they going to do?
Are they going to stop trading with us? Don't think so. Are they going to cut us off? No. The trade deficit is just a paper trail----a way to keep score.
2007-08-30 08:57:39 · answer #4 · answered by Anonymous · 1⤊ 0⤋
I don't know the answer , but one thing I know for sure is never lend any money to grips........according to the way he answered your question.
2007-08-30 09:03:44 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Let them repossess all the products they have sold here.
2007-08-30 09:07:26 · answer #6 · answered by Philip H 7 · 0⤊ 0⤋
we go broke.
2007-08-30 09:28:10 · answer #7 · answered by acid tongue 6 · 0⤊ 0⤋