Why hasn't China collected on America's debt.....yet?

America pays China on time each month so China has reason to expect anything else. We print the world's trade currency dollar as fast as we need it and China accepts it as payment because their yuan is not the world's trade currency. They would love to change that fact but can't.

1.5 trillion in fiat notes isn't shit, that's why.
Americans have been fed a narrative that we are Chinas debtor to conceal the fact we owe 13 trillion to the federal reserve.

They dumped $550 billion in 2008 which created the credit crisis and forced the government to inject a trillion $ to keep the economy of the U.S. and the world from collapsing (THAT was the real reason for TARP. It was NOT about "bailing out Wall Street.) China and possibly Russia were behind the largest run on the dollar to date.

I think that was just a dry run--a foretaste of what lies ahead for us. I believe they will tank our currency fully before 2014.

Once they feel they've stolen every piece of intellectual know-how and technology they can and we become of no further use to them.

Last Edited by telling it straight on 11/29/2012 11:24 PM

...If it doesn't implode first....

The United States buys everything China manufactures. Without a good US economy, the chinese workers will have no crappy jobs to go to. No army can fight on two sides for a long time.

Because China is NOTHING without America.

Furthermore, the elites of all countries minus a few have colluded to enslave us all. To create a new world order.
Wake the fuck up.

You don't think the "created" housing bubble had anything to do with the U.S. printing dollars and devaluing the dollar? Or that China "had" to dump dollars to protect it's own economy because they had such a huge investment in something that was rapidly losing value?

Agree our currency will probably tank but as for the cause....

Don't you think they will do better without us, than we without them?

It sounds like saying, HSBC, Mastercard, Discover, Visa, are all nothing without me. I occasionally let them finance a book for me. The thing is, I pay the balance after it's charged.

What if I, along with millions of other people, instead of charging books, were charging houses, and were unable or had no intentions of repaying? I, along with millions, would be out of my home and the financers be out of business without .gov intervention, like Fannie and Freddy.

Greed. No one wins.

The School Mom has spoken... so let it be said, so let it be written.

Actually, it's the complete opposite. China cannot survive without us. They would go into the worst famine in history if we completely abandoned them. On the other hand, America is more than capable to be self sufficient, we just chose not too because why pay our workers $15 an hour when we can pay Chinese workers 50 cents an hour. Without China exporting to America, they have nothing.

Likewise without China being the last funder of the US gov's ponzi scheme, the whole world's manufacturing/exporting chain falls like dominoes.

Complete bs. We are NOT more than capable, liberals have bankrupted us and doom awaits us. Wait for the Carey next year

There's no one else they could sell to? Someone with something of actual value to pay for their goods?

If they tried to collect inappropriately,

We would:

Stop selling them food.
Stall or refuse repayment.

Pretty simple. You can't eat money.

Maybe we already have?

Without a doubt, they've counted on the speculation you named, and unlike us, have back up plans to ensure their survival.
--------------------------------------

US agricultural exports to China become costly in times of drought

Experts say the US drought will be little more than a nuisance for China, but a nuisance that a transitioning Chinese government could do without.


First, though China buys a lot of US agricultural products, it is nearly self-sufficient in terms of basic food staples, such as rice and wheat. This is no accident: famine and food shortages have repeatedly led to unrest throughout China’s history, not least in the disastrous Great Leap Forward that killed roughly 20 million between 1958 and 1961. As a result, the government has deliberately sought to cultivate domestic food supplies, and minimize dependence on the global market.
[link to www.globalpost.com]

SOOOON

Ever wonder why the Fed keeps ducking the audit.?

+1

It's as big as the petrodollar