EalingBlue2
Well-Known Member
- Joined
- 7 Aug 2007
- Messages
- 5,571
Bankruptcy only matters if there is a higher power in place to enforce the impact.Right yeah.... a country living on credit can bully the rest?? Size of the economy doesn't matter if its in negative equity - the Chinese could and would pull it down for the prize of winning the financial Cold War. China owns so much of the world debt and also the world needs Chinese investment they'd sell the fucking Yanks down the river and declare them bankrupt as soon as look at them believe me. For starters here alone need the Chinese for say Hinckley Point - as a govt whats best - the Yanks in turmoil or no power in your own country - HS2 depends on Chinese investment - most of the roads and shit in Africa were built by the Chinese - they could offer to ferry African refugees to European ports in their navy ships to unsettle the EU for Christs sake. You need to stop thinking in old or current terms - China has used its position as the worlds producer of cheap goods to accrue wealth and then effectively "own" so much of the worlds finances.
China has far bigger problems politically and economically than you credit them with