At what point in time will China foreclose on the United States?

Question

China holds enough of our debt that the US does not have enough money to pay off what we owe them.  Just as many home owners have had to declare bankruptcy our country would be in the same position; that is,  the money the government 'earns' (our tax dollar) would not be enough to me its citizens day-to-day expenses much less pay off China.  Our dollar would be worthless on the world market.  Every country that we owe money to would want their money also.  We won't have anything worth anything to import needed goods for us.  The countrys' credit would be nil, no country would loan us money just as our banks at the present time aren't lending more to home buyers and small businesses.  Serious replys would be appreciated.

U.S.A NEW NAZI NATION · Accepted Answer

well according to discovery channel
China will become a superpower around 2025

Anonymous · Answer

You completely misunderstand the nature of our "debt" to China.

China (like Japan, Brazil, Hong Kong, Russia, and dozens of others) voluntarily purchased US Treasury Bonds that "promise to pay the bearer" (whoever that is) a predetermined amount of money back for a cash purchase at the time of purchase.  They cannot "foreclose", that would just lose them ALL their initial investment, silly goose!

(You should google "Bonds" and learn what they are and how they work...)

maxmom · Answer

You are mistaken in your basic understanding of debt throughout the world.

In addition, China and the US are linked and rely on each other. China would have no reason to call in their debt, and even if they wanted to, they could not.

Teekno · Answer

It's not a serious question, so you won't get a serious answer. China can't foreclose on the US. They aren't even the largest holder of US government debt.

towwwdothello · Answer

Right after the unification

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At what point in time will China foreclose on the United States?

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