Quote:
Originally Posted by Legbreaker
My guess is that if China was to invade Taiwan and wanted to knock the US out of the equation, they'd be best served by calling in all the US debts well beforehand. Drive the US economy so far below it's knees they'd have to gut virtually every part of national spending, mothball ships, and downsize the military in general. Then, after say 5 years of downsizing when the US can barely even patrol their own beaches...
|
As fun as I know this sort of thing is to write, it’s not plausible. The Chinese don’t hold enough US debt to achieve the aforementioned result. Also, if the Chinese were to call in their debt all at once, the pressure on Washington to impose trade barriers against the PRC would become insuperable. China is dependent upon the US as an investor and a consumer of Chinese goods. Beijing knows that to call in all of the debt they hold is to deny themselves access to the market that fuels their growth. The Politburo believes that continued growth is the guarantor of their continued suzerainty over the whole of China.
__________________
"We're not innovating. We're selectively imitating." June Bernstein, Acting President of the University of Arizona in Tucson, November 15, 1998.
|