we are already broke
we are already bankrupt
we just have not had china call the note yet.
I think they did. Which is why we’re not in Afghanistan anymore.
You are dreaming.
We don't owe anyone anything that does not consist of little green slips of paper, or their digital equivalent.
We've got plenty of paper and ink, and lots of disk and virtual storage.
And, it's not in China's interest to dismantle a system which is making them rich and ruining us.
By the time China calls due their $900bn in Treasuries a Big Mac will cost $500bn.
We owe China 1.1 trillion dollars. Not sure how much they owe us. I’m not sure where this we owe China nonsense started. Out of 30 trillion, we hardly owe them anything.
Let them call the note. We’ll just print that amount.
We owe ourselves the biggest amount. I bet someone will propose we deem that forgiven and voila...problem solved