What happens if America can't pay off their debts to China? | TigerDroppings.com

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Duzz
LSU Fan
Houston
Member since Feb 2008
5150 posts

What happens if America can't pay off their debts to China?


Can china enforce the issue and like a bank, take away your house or in this case, lands in America?






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bayoubengals88
LSU Fan
Central, LA
Member since Sep 2007
3600 posts

re: What happens if America can't pay off their debts to China?


Germany just finished paying their debts from WWI, so we should have a few years...





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CollegeFBRules
LSU Fan
Member since Oct 2008
19652 posts

re: What happens if America can't pay off their debts to China?


Help me with what you are asking / stating. Are you genuinely curious of what would happen -- I.e. war; or are you wondering if China could do anything, ergo the US should just give them the finger?





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RCDfan1950
LSU Fan
United States
Member since Feb 2007
10831 posts

re: What happens if America can't pay off their debts to China?


Well, the only way that could happen, Duzz...if we were to run out of paper and ink. Highly unlikely.







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Joshjrn
LSU Fan
Baton Rouge
Member since Dec 2008
5791 posts

re: What happens if America can't pay off their debts to China?


quote:

Can china enforce the issue and like a bank, take away your house or in this case, lands in America?


In short, no.






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Duzz
LSU Fan
Houston
Member since Feb 2008
5150 posts

re: What happens if America can't pay off their debts to China?


Well I know alot of people are worried about our increase debt to the Chinese and good ole hilary said "You can't be tough to your banker." Or something to that effect.

What can they do, I know in the U.S a person can buy your tax sales (In this case U.S debts) and then earn accumulated interest on it if you are delinquent.

I also know with credit cards companies that if you owe them thousands of dollars, they can sell your debt off to someone maybe a law firm, and they would be your new debtors. They usually try to get a judgment against you if it is a for a huge sum of money at a high interest rate annually. So if you did have a mortgage they would be the first person on your home while you have been elbowed out to second.

So that's a lien, however that is the U.S. What happens when you borrow on such an international level? Since we are using Chinese money for ourselves what happen if America decide they cannot pay off their debt to China and default on their loans? Can China force a Lien on American soil? Who would grant such a judgment if it were to happen?

Also like you so stated what would happen if we did give them the finger or went to war with them. However what I am mainly interested in is what can China do if America decided not to pay up legally?



This post was edited on 10/1 at 12:32 pm


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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
80463 posts

re: What happens if America can't pay off their debts to China?


quote:

Can china enforce the issue and like a bank, take away your house or in this case, lands in America?
They could take California.

I mean the part of California Mexico doesn't already have.....






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Bard
LA-Monroe Fan
BR
Member since Oct 2008
15952 posts

re: What happens if America can't pay off their debts to China?


quote:

However what I am mainly interested in is what can China do if America decided not to pay up legally?


No one knows.






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Tigah in the ATL
LSU Fan
Atlanta
Member since Feb 2005
24129 posts

re: What happens if America can't pay off their debts to China?


Do you think there is a mortgage deed on America somewhere in Chinese hands?

What happens if a company doesn't pay its bonds? You are SOL & the company can't get financing.

What would happen is worldwide financial collapse.






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Xavier Fan
Baton Rouge
Member since Feb 2010
3579 posts

re: What happens if America can't pay off their debts to China?


China is mire than welcome to sell their securities, if they want to. That's it.






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Duzz
LSU Fan
Houston
Member since Feb 2008
5150 posts

re: What happens if America can't pay off their debts to China?


quote:

Do you think there is a mortgage deed on America somewhere in Chinese hands?

What happens if a company doesn't pay its bonds? You are SOL & the company can't get financing.

What would happen is worldwide financial collapse.



How would that affect every day American, our military etc etc? Will the U.S gov one day like the Russian be like "Ok so the Federal Gov can't be supported anymore every state is on it's own." Ala- Russia. What would happen you seem to have an idea but if you don't pay up or can't what is the doomsday scenario?






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Xavier Fan
Baton Rouge
Member since Feb 2010
3579 posts

re: What happens if America can't pay off their debts to China?


Also, I doubt the Chinese government owns more than 1/10th the national debt.

(maybe 10% if you include Taiwan).






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NC_Tigah
LSU Fan
Member since Sep 2003
51111 posts
 Online 

re: What happens if America can't pay off their debts to China?


quote:

Can china enforce the issue and like a bank, take away your house or in this case, lands in America?
Sure!

There would probably be a coincident issue of their country getting leveled in the war preceding any attempt at confiscation of US assets, but aside from that . . .






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OMLandshark
Ole Miss Fan
Member since Apr 2009
37901 posts
 Online 

re: What happens if America can't pay off their debts to China?


China's dependent on us too. I wouldn't exactly worry about it at this point. The thing is not if they ask for money back, its if their economy hits the shitter like ours has and they stop giving us money. Trust me the Chinese have gotten plenty of money from us through making their country what it is today. If it weren't for America, China would still be the shithole it was 20 years ago. As long as a person who can remember how bad they were off 20 years ago is still in office, we won't have to worry about them asking it back. In about 30 years from now when someone currently in his teens is running the country and doesn't really remember what its like to see the vast majority of the city heavily impoverished is, thats when we need to start worrying. But until then, US and China are probably going to be on good terms.


This post was edited on 10/1 at 1:37 pm


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