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?
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.