What does China get when they decide we are in default on are loans?

They will start wanting our muscle cars! ROFL Sorry had to go there and add the humor...Ok back to shoveling this crap.

First off, China only holds about $800 billion of our almost $15 trillion in debt. US citizens and corporations actually hold about 1/3 of the notes.

Second, China cannot simply decide that we are in default. Especially since we have *never* missed a payment.

And finally, China understands that if we fall into default, THEY will lose their #1 customer, and it will destroy their economy.

So this ranks about 8,521st on the list of things to worry about. Or at least it does with the people who understand it.

very interesting question. This is a major catastrophe waiting to occur. I imagine that it would have to be a shift in having the upper hand, i.e. China gets whatever it wants or it will call in America's debts - like black mail. America won't be able to pay back the money and no-one else will lend it to them to get them out of trouble. Like I said - big problem coming up.

China doesn't have the power to decide that.

The "collateral" the US put up.. was our credit rating. Nothing else.

I don't really have the answer to your question, but i agree we had to put up something lets just pray it wasn't the USA.

governments do not follow the same regulations as the common citizen