westcanforum

SY,

As we all reflect back at the horrific events that occured a decade ago, I know not everyone had sympathy for the victims of 9/11. I`m not talking crackpots in the Middle East either. I`m referring to the uncorking of champagne bottles bottles in China. Made me sick to my stomach.

i never really heard about that........but seeing as this is a thread about China...........what is everyone's opinion as too which is the wiser......to be a creditor (china) to the tune a few Trillion dollars or be a debtor (the USA)......being in the financial industry for most of my career taught me the risk and downside of being a creditor..........especially when the debt is only secured by "good faith and credit".....i fear that at some point the debt will become so unmanageable the USA in it's wisdom will simply say to China......"**** off an die"...they will know the consequences of such actions, including loss of the USD as a reserve currency...but maybe the choices will be to severe to avoid this eventuality.....on the other hand holding so much of someones paper literally gives China control or at the very least input over ALL US policy decisions.....this is a position they have coveted for at least two generations so from their point of view maybe the risk is worth it......what say you