When will you move to China?

Under these senarios california and  wherever you are will be Chinese new territories. no need to move , ur home lloans maybe secured by chinese banks. its already happening.

Given my knowledge about my own kind, I figure that they would send Han overlord to subjugate other races under your scenario, start with ethnic South Asians. All your property belongs to them.

China is threatening to do this to all big international banks and financial houses. Beijing is in effect discussing unilaterally canceling all of the debts owed by domestic companies to foreigners.

This would probably kill quite a few big banks and leave most except GS dead or near dead.  GS would be half the company it was.

 

Of course the political and economic ramifications for China would be extensive.  Who wants to do business with a deadbeat nation?

Everyone, once China is the only nation that makes anything. 

When I read these forums, I am often left wondering whether people are joking or are simply ignorant about how the world works.

 

At worst, all that China could do is spur a massive devaluation of the dollar and large decline in US living standards.  Not the end of the world or even America.

600 trillion in derivatives around the world, if China defaults (essentially walks away, and rest of the world follows China) claiming US institutional financial fraud(could that be true? I mean Wall street is honest isn't it?) It will trigger complete collapse of US economy. Surely Wall street and their US government proxies will say China cannot do that , but what can US do to retaliate? War? Highly possible!

I am starting to suspect that you are a moron. Either that or just fond of screaming unlikely tales in different directions.

Our economy is solid, that is billions, not trillions. The US would not go to war over defaulting, it has plenty of economic weapons in its arsenal as well.

 

And of course, this would not profit us either. Our derivatives are worth money.

It's not the first moronic statement I've read... though occasionally there is some sense.

 

 

*cough*

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