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Originally Posted by djtestudo
Maybe I'm missing something Pan, but if those nations did what you suggest, our economy might be completely destroyed, but there's would as well as they would eliminate the world's largest market. So they lose far more then by keeping the deficits.
That is why they don't do that.
I'm not an economics guy, so I could be completely wrong, but that is how I understand the situation.
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Good point, right NOW. That's why my last sentence stated they are biding their time, waiting for China, Eastern Europe, Russia, and so on to open up and consume a little more.
As the article said China is the the fastest growing consumer nation, once they see that yeah there may be an intial hit, but they have stockpiled enough and they can handle it..... bam, the money is dumped.
Then they come in and just take what they want legally, as we have collateralized everything. They are just collecting debt, no war, no muss, no fuss....... the best part for them is it is all legal. Just like a bank foreclosing on your house, they will be foreclosing on our country.
I pray to God I am wrong, and I hope in 10 years you are laughing at me for having ever believed that this could happen...... I truly wish and pray for that.
However, IMHO the reality says it is just a matter of time before it happens.... unless we can get off our asses and get our leaders to fight back and stop this before it can happen. But it maybe too late to do anything.