posted on Feb, 4 2011 @ 11:17 PM
Originally posted by trentyh
China could not handle us. You crash the USA we crash you. WE the citizens possess more guns than most countries military arsenals. WE have the power
to destroy all.
AND we dont need it if the USA suddenly stopped buying foreign goods and went back to farming we would crash the worlds economy and still be the top
You dont understand this my friend. China is selling of its US bonds/Dollars. And China have stopped buying US bonds. China dont want to trade with
the US any more. And dont need to. That is just your American illusion.
China. Russia. Japan. Iran. Iraq and a whole bunch of other nations want to buy Oil with a different currency then your US Dollar. Even the EU wants
to do that. What this basically means is that they dont want to exchange their currency in US Dollars.
To be able to buy Oil on the market to day, you have to exchange your currency to buy US Dollars to buy oil. This is how the US can print their money.
Now if the world stops buying US dollars to trade oil. The US can not print money based on that trade any more. The US Dollar will loos value do to
It wont really matter what currency the other nations in the world have to trade in. It will just be a different currency then the US Dollar. So
basically the US wont really drag anyone down with them.
The world can manage without the US having to buy anything. The world is not really dependent on what the US buys on the market. Because there are
other buyers out there with real money.
It is the world who has given the US its ability to print money. By exchanging their currency into US Dollars. US wealth is based on this exchange of
currency. When this stops American wealth will decline drastically.
What will the world loose if the US fails?
The US already have more debt then they can repay. So basically these nations who the US own money to have lost it ant way. And these nations are now
looking for new trading partners to trade with.
edit on 27.06.08 by spy66 because: (no reason given)