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Old 08-09-2020, 03:42 PM
 
Location: New Orleans, LA
1,809 posts, read 5,036,972 times
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Quote:
Originally Posted by Hoonose View Post
China does not have the ability to pay off US debt.
In that case, can the USA clear the debt from China?
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Old 08-09-2020, 03:47 PM
 
17,449 posts, read 7,166,159 times
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Quote:
Originally Posted by Blackandgold51 View Post
In that case, can the USA clear the debt from China?
Of course it can.
The Federal Gov't/Fed can cover any debt denominated in USD's.
China could never accumulate enough USD's to pay off the national debt.
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Old 08-09-2020, 05:59 PM
 
3,524 posts, read 3,599,995 times
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China has already taken over as the new superpower. Now it is just a matter of time before China takes over the United States.
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Old 08-09-2020, 06:04 PM
 
5,886 posts, read 2,189,825 times
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China could be the new superpower if the US doesn't take this covid wake-up call and do what needs to be done. We need to start on an all out new cold war footing to defeat China the way we did against Russia.
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Old 08-09-2020, 06:06 PM
 
17,449 posts, read 7,166,159 times
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Quote:
Originally Posted by mascoma View Post
China could be the new superpower if the US doesn't take this covid wake-up call and do what needs to be done. We need to start on an all out new cold war footing to defeat China the way we did against Russia.
Well we certainly can't outspend China.

But to pressure them is through restriction of imports. Food, agri and energy. If the rest of the world wants to supply them, there is little else we can do.
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Old 08-09-2020, 06:36 PM
 
516 posts, read 313,525 times
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The influence of China is growing. As for the states, most nations know to stay away until Donald Trump is out of power.
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Old 08-09-2020, 06:52 PM
 
Location: Honolulu
1,792 posts, read 2,254,054 times
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I really think a lot of people don't understand the definition of "superpower". Right now there is only one superpower. It's been that way for at least 30 years, since the fall of the Soviet Union. China isn't anywhere close to a superpower and I don't see that changing at least in my lifetime. If anything, I see China regressing from its current position due to increasing tension with its neighbors as well as countries like the U.S.
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Old 08-09-2020, 07:21 PM
 
Location: Flyover part of Virginia
3,041 posts, read 1,613,182 times
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No. In fact, China will not exist in its current form in 10 years time.
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Old 08-09-2020, 07:47 PM
DKM
 
Location: California
6,782 posts, read 3,279,733 times
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The Chinese baby boomers are between 45 and 60. In 15 years, there will be an extra 200 million people on state pensions there. This is going to constrain them immensely. Remember they peg their currency to the dollar so it will be even harder to pull this off. There is another baby boom cohort currently in their 30s... but behind them is not much so their labor force will shrink. Look at Japan and Russia for examples of shrinking labor force effect on economy.
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Old 08-09-2020, 08:07 PM
 
7,458 posts, read 10,325,285 times
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Quote:
Originally Posted by AndroidAZ View Post
Yikes, more junk from the Epoch Times, funded by the cult Falun Gong, who believe aliens aliens are running the world, medicine is bad, and other wacko ideas.
Spoken like a true CCP wumao.
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