Incredible. Think about what you are saying, if you can.
Can you think of any nations whose debt we’ve forgiven because they couldn’t pay it back? I know there are some.
No one forced China to buy our bonds, now did they? There was no gun to their heads ordering them to buy our financial instruments.
Every investment has potential risk. If the Chinese are so naive as to think there should never be risk involved in global investment, maybe they just ought to stay out of international financial markets. Threatening us demonstrates just how much China isn’t ready to be a global leader.
They have a domestic economy with over a billion people. I’m sure they could do fine on their own since we really can’t afford to buy their crap anymore as we’re basically bankrupt.
Since their wheat crops this year look to be failures and our winter wheat harvest is projected to be a bumper year, buying wheat from us and giving us back worthless dollars might just be a good deal for the short term.