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Topic	Could China take over America?
Solid Snake07 10/16/21 12:08:55 PM #19:	skermac posted... its already happening we owe billions if not trillions to China, they finance Americas debt Not really as relevant as it seems on a surface level. China just owns treasury bonds, and a default on US treasury bonds would be catastrophic for the entire world, including China. And the interest rate on treasury bonds is rock bottom low. Like lower than the average rate of inflation. And the vast majority of US treasury bonds are owned by........the US. Issues with trade, currency manipulation, and China's investment into developing countries, particularly in Africa, are far more important than Chinese owned treasuries --- "People incapable of guilt usually do have a good time" -Detective Rust Cohle <cite>Solid Snake07 posted [p:959091761] in Could Chin... [t:79713526]...</cite> <quote>skermac posted... </cite> <quote>its already happening we owe billions if not trillions to China, they finance Americas debt</quote> Not really as relevant as it seems on a surface level. China just owns treasury bonds, and a default on US treasury bonds would be catastrophic for the entire world, including China. And the interest rate on treasury bonds is rock bottom low. Like lower than the average rate of inflation. And the vast majority of US treasury bonds are owned by........the US. Issues with trade, currency manipulation, and China's investment into developing countries, particularly in Africa, are far more important than Chinese owned treasuries --- "People incapable of guilt usually do have a good time" -Detective Rust Cohle</quote> ... Copied to Clipboard!
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