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Quote:
Originally Posted by Jimmienoman
Simply put, if China stops lending us money it will be a slower fall. OR if China calls in our debt then we are screwed nice and fast. They have a large role in our fate as they are one of the few countries that can still cover our deficit spending.
We owe ourselves a majority of money, but we can't keep going on without China still lending us money. When's the last time we didn't have deficit spending?
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Basically if the world debt is ever settled, it could cause a war when we can't pay up. China has been breeding/training an army for decades plus they are allies with Korea and enemies with Japan (where we basically are the only military due to WW2 agreements). I would think the conflict would start with japan, then spread, but these are all hypothetical situations.
Personally, I think we should wipe out Iran while we still can. An area with a 2,000 + year old grudge, one of the most powerful empires in history, nuclear facilities, and a hatred for America is not a good thing...Especially since we basically put Saddam into power/helped Iraq fight against Iran.