...like if the holders (like China or Saudi Arabia) of the treasury bonds did something like mass selloff of the bonds,how would it affect our economy and everyday life?
2007-12-01 00:39:03 · 8 answers · asked by topink 6 in Politics & Government ➔ Other - Politics & Government
the U.S. economy would fall down and go BOOM
2007-12-01 00:49:18 · answer #1 · answered by Anonymous · 2⤊ 0⤋
The worst thing is that the world's last war would be fought. Money is the root of all evil and our country is now tied to China and other countries with a small thread called a dollar. Our country has no Mfg base and depends on buying our needs with worthless dollars. At some point a showdown like in the old west will happen. It will be either economic or WAR
2007-12-01 02:53:06 · answer #2 · answered by doubleolly 5 · 0⤊ 0⤋
China would immediately cease exporting to the US since the dollar value would plummet. After an extremely difficult period of financial turmoil, the United States would once again become a major exporting country and China would revert to the third world status they had prior to 1990. It would be cheaper and safer for countries to import from the United States then it would be to import from China.
By the way, if they did it all of a sudden, they'd be stuck with bonds that nobody wanted. They'd be committing economic suicide. As the US economy recovered, the Chinese and others would be stuck with bonds that were devalued due to their own stupidity, making it much cheaper for the US to redeem them.
2007-12-01 02:06:48 · answer #3 · answered by Return of Bite My Shiny Metal... 7 · 0⤊ 0⤋
We are already on the brink of total economic collapse. The dollar is already in free-fall. Nations are falling like dominoes to no longer accept the dollar, in favor of the Euro, Yuan, Yen, or pretty much you-name-it.
We're so used to being so wealthy and secure, but total collapse is not so out of the question. It happened before in the great depression, and is likely to happen again.
Most people don't understand that there is nothing backing the Dollar, no gold, nothing. Our currency is valued like stock in a company. If a company was massively in debt, and only going deeper with diminishing prospects and continuous bad management, what do you think would happen to the stock? Right now, the only thing backing the Dollar is the US Marine Corp, which is exactly why we have been exherting our military might so brazenly as of late.
2007-12-01 00:44:46 · answer #4 · answered by lmn78744 7 · 1⤊ 0⤋
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2016-10-10 00:01:49 · answer #5 · answered by ? 4 · 0⤊ 0⤋
If those who lent it want it back tomorrow. The U.S.A. would be bankrupt, The economy would fail completely.
The U.S.A was once the top dog, but since Bush was voted in, the country is now close to the bottom in the views of the rest of the world. Before, no country would dream to call in its monies, but I'm not so sure now.
2007-12-01 02:07:21 · answer #6 · answered by pop065 2 · 0⤊ 0⤋
China could call in her notes and we'd be speaking Mandarin by Easter.
2007-12-01 01:33:48 · answer #7 · answered by mommanuke 7 · 0⤊ 0⤋
It could potentially devalue the dollar
2007-12-01 00:42:19 · answer #8 · answered by CHARITY G 7 · 1⤊ 0⤋