Rooting for China to humiliate and economically subjugate the US is the new form of patriotism.
DemocratSinceBirth (74,488 posts)
How badly would it roil the markets if China recalls their ambassador and closes their embassy here
How badly would it roil the markets if China recalls their ambassador and asks our ambassador and embassy staff to leave China?
We would not get in a hot war. It's unthinkable... But to think China has no leverage is naive.
JaneQPublic (5,089 posts)
1. Or, if Trump really pisses them off...
...what if they call in their loans?
When you owe the bank a billion dollars you have a problem.
When you owe the bank TEN TRILLION dollars the bank has a problem.
Star Member world wide wally (6,771 posts)
3. Would Walmart go out of business?
DemocratSinceBirth (74,488 posts)
5. Without Chinese goods many retail stores would go out of business.
Without markets China goes out of business.
Calista241 (1,865 posts)
6. Pretty bad, but it's not like China can kick us to the curb
Selling their stuff here is what's keeping their economy afloat.
So if their goal is to cause a worldwide depression that includes their own country, they can do whatever they want.
DetlefK (8,711 posts)
9. China has other means of financial retaliation.
They hold a significant chunk of US debt. What if China says "Give us $100 billion."
That's big enough to hurt the US but not big enough to threaten the US economy.
Will Trump pay up and bow down to someone more powerful?
Will he try to pull some shit and cheat his way out of this situation?
Will he straight-up refuse to pay up, default on the debt and ruin the economic rating of the US, just to satisfy his ego?
The only egos out of control here are your own.
And that debt would not exist if we hadn't indulged 60 years of failed liberal welfare statism.
Calista241 (1,865 posts)
12. People will still buy less Chinese goods, which threatens their own economy.
The big nuclear weapon is the US nationalizing our debt which would happen if China wanted to intentionally call in loans that we couldn't pay.
DemocratSinceBirth (74,488 posts)
13. China also holds some of Trump's loans.
The Bank of China also holds some of Trump's loans. What if China retaliates against him personally and he uses the power of the United States to respond. In that instance, even some of the GOP might not go along with him.
Didn't you guys say Trump has to set aside his personal business dealings?
still_one (48,185 posts)
14. The trump administration is playing a very dangerous game. They are interferring with
a situation between Taiwan and the Mainland China, which would be eventually be solved by negotiations between those two parties. They start using Taiwan as a pawn, they will force Mainland China's hand.
Our foreign policy in the middle east, is a perfect example of a disaster
We have a defense treaty with Taiwan, you limp-wristed cuckold.
http://www.democraticunderground.com/10028335963
