“The Chinese are absolutely terrified we will devalue the dollar: in that case all their bonds will be nearly worthless.
As for taking over the nation, let them try. I guarantee there wont be much left of either China or the U.S.A. afterwards.”
If we default then all of our retirement accounts will be empty, our dollars will be Zimbabwe dollars.
China has a huge excess of young males that need something to do =/
“China has a huge excess of young males that need something to do =/”
I don’t care how many millions their army is, it would be a logistical nightmare to move it anywhere.
The major challenge the Chinese have is keeping their billion plus population employed and happy.