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08-09-2020, 03:42 PM
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Location: New Orleans, LA
1,809 posts, read 5,036,972 times
Reputation: 690
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Quote:
Originally Posted by Hoonose
China does not have the ability to pay off US debt.
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In that case, can the USA clear the debt from China? |
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08-09-2020, 03:47 PM
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17,449 posts, read 7,166,159 times
Reputation: 3717
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Quote:
Originally Posted by Blackandgold51
In that case, can the USA clear the debt from China?
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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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08-09-2020, 05:59 PM
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3,524 posts, read 3,599,995 times
Reputation: 6971
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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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08-09-2020, 06:04 PM
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5,886 posts, read 2,189,825 times
Reputation: 6603
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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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08-09-2020, 06:06 PM
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17,449 posts, read 7,166,159 times
Reputation: 3717
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Quote:
Originally Posted by mascoma
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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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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08-09-2020, 06:36 PM
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516 posts, read 313,525 times
Reputation: 422
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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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08-09-2020, 06:52 PM
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Location: Honolulu
1,792 posts, read 2,254,054 times
Reputation: 4876
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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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08-09-2020, 07:21 PM
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Location: Flyover part of Virginia
3,041 posts, read 1,613,182 times
Reputation: 4187
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No. In fact, China will not exist in its current form in 10 years time.
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08-09-2020, 07:47 PM
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Location: California
6,782 posts, read 3,279,733 times
Reputation: 6659
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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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08-09-2020, 08:07 PM
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7,458 posts, read 10,325,285 times
Reputation: 9793
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Quote:
Originally Posted by AndroidAZ
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Spoken like a true CCP wumao. |
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