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|#118 - If we whisper about not paying back, then they'll stop helping…||12/13/2014 on China and the US||0|
|#117 - Another note: We owe China money because they've basically bou…||12/13/2014 on China and the US||0|
|#4 - Do tell. [+] (4 new replies)||12/12/2014 on China and the US||+27|
#74 - anonymous (12/12/2014) [-]
#101 - jwash (12/13/2014) [-]
We cannot thrive without China and China cannot thrive without us. Both would go into a deep recession if all ties were cut. But, that is just about impossible. Too many jobs depend on the two together. We owe China a shitload of money, but we make them a shitload of money. It's more of an investment. What do you think would happen? China all the sudden says pay up or else? Or else what? Nobody wants that war, including China.
#117 - rszerotwo (12/13/2014) [-]
Another note: We owe China money because they've basically bought bonds. They don't straight up give us cash that we need. They invest in our economy and banking system by buying bonds that take some time to mature. So every year they buy, (arbitrary number) $1 Million in bonds. Except it takes (arbitrary number again) 27 years for those bonds to mature. They always purchase the same time-maturing bonds, so we pay them back pretty much the same amount every year. So, if they cash those in early, we owe them less than $1 Million for the bond. However, we also have an agreement that they can't hold them for longer than (arbitrary) 3 years past their maturity date. This ensures China isn't garnering a shitload of on the bonds, and the US continues to use China as, basically, a giant banking system.
If China tried cashing in ALL of their bonds NOW, we'd pay them...flooding their economy with money, crashing it, sending them in to a recession, and making them all sad.
Also, whoever said China holds most of our debts, try again: The private sector of the United States owns a majority of our own debt. Thanks.
TL;DR: America could crash the Chinese economy, we have no obligation to pay them back every penny now, America owns it's own debt.
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