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News & Politics News & Politics

Is it true?

Posted by on Apr. 19, 2013 at 12:13 AM
  • 20 Replies

That if North Korea starts a war with us, or us with them that the debt to China and all the Bonds China has purchase are voided?

That raises the stakes a bit if true.  I had never thought of it in those terms until it was stated in another group tonight.

Thoughts?

How far you go in life depends on your being: tender with the young, compassionate with the aged, sympathetic with the striving and tolerant of both the weak and strong.  Because someday in life you would have been one or all of these.  GeorgeWashingtonCarver


by on Apr. 19, 2013 at 12:13 AM
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Replies (1-10):
Analeigh2012
by Silver Member on Apr. 19, 2013 at 12:19 AM
3 moms liked this
Hadn't heard that...
Why would our debts be voided?
Posted on CafeMom Mobile
29again
by Gold Member on Apr. 19, 2013 at 12:46 AM

What Analeigh said....

Mommy_of_Riley
by Just Jess on Apr. 19, 2013 at 12:56 AM
1 mom liked this
I'm not sure why another Korean War would affect Chinese debts...
Posted on CafeMom Mobile
Billiejeens
by Ruby Member on Apr. 19, 2013 at 7:33 AM

No it is not true.

survivorinohio
by Rene on Apr. 19, 2013 at 9:21 AM

This is what was said:



Quote:

Not to mention, American politicians stand to gain A TON from a war with North Korea.  The very MOMENT North Korea provokes a war-like aggression, we no longer have a national debt crisis.  China has been "buying" the US debt for decades.  China is N. Korea's ally.  We will not pay our enemy to attack us, so in that instant the world forgives our debt to China.  Just. Like. That.


And this is how it was sourced:



Quote:

China gains to lose a LOT in the war.  Not only the debt they bought from the US, but they fear instability in the Korean Penninsula would create chaos in their own country as refugees flooded in.

http://www.businessinsider.com/why-japan-and-china-buy-us-debt-2012-9
http://bonds.about.com/od/bondinvestingstrategies/a/Chinadebt.htm

To summarize WHY China "buys our debt" is this: China is able to devalue their currency by buying our debt, which allows them to sell to us very low.  In turn, they keep the currency within their own country stable, which allows for internal prosperity and economic growth.

If China was to maintain their alliance with North Korea in a time of war, we'd be able to default on our loans.  There is no way whatsoever that we would PAY another country to PAY their troops to come KILL our soldiers.  Therefore, we could not pay China.  All the bonds they bought would become useless.  Not to mention, we are their biggest customer.  They could not finance a war without us buying their exports.

(The question this leaves is how costly would this war be to us?  Wouldn't we just run up the tab on the global market again?)

Also look into "The Great Illusion" and "The Money Game" by Norman Angell.


How far you go in life depends on your being: tender with the young, compassionate with the aged, sympathetic with the striving and tolerant of both the weak and strong.  Because someday in life you would have been one or all of these.  GeorgeWashingtonCarver


JakeandEmmasMom
by Gold Member on Apr. 19, 2013 at 10:15 AM

 I hadn't heard that.

I really don't think that China would back North Korea in a conflict with us, however, for many reasons.

Mommy_of_Riley
by Just Jess on Apr. 19, 2013 at 10:18 AM
Put that way, I understand...

Quoting survivorinohio:

This is what was said:




Quote:

Not to mention, American politicians stand to gain A TON from a war with North Korea.  The very MOMENT North Korea provokes a war-like aggression, we no longer have a national debt crisis.  China has been "buying" the US debt for decades.  China is N. Korea's ally.  We will not pay our enemy to attack us, so in that instant the world forgives our debt to China.  Just. Like. That.



And this is how it was sourced:




Quote:

China gains to lose a LOT in the war.  Not only the debt they bought from the US, but they fear instability in the Korean Penninsula would create chaos in their own country as refugees flooded in.


http://www.businessinsider.com/why-japan-and-china-buy-us-debt-2012-9
http://bonds.about.com/od/bondinvestingstrategies/a/Chinadebt.htm


To summarize WHY China "buys our debt" is this: China is able to devalue their currency by buying our debt, which allows them to sell to us very low.  In turn, they keep the currency within their own country stable, which allows for internal prosperity and economic growth.


If China was to maintain their alliance with North Korea in a time of war, we'd be able to default on our loans.  There is no way whatsoever that we would PAY another country to PAY their troops to come KILL our soldiers.  Therefore, we could not pay China.  All the bonds they bought would become useless.  Not to mention, we are their biggest customer.  They could not finance a war without us buying their exports.


(The question this leaves is how costly would this war be to us?  Wouldn't we just run up the tab on the global market again?)


Also look into "The Great Illusion" and "The Money Game" by Norman Angell.



Posted on CafeMom Mobile
Billiejeens
by Ruby Member on Apr. 19, 2013 at 10:19 AM

 

Is below the link "your" summary - the link doesn't say that at all.

Quoting survivorinohio:

This is what was said:



Quote:

Not to mention, American politicians stand to gain A TON from a war with North Korea.  The very MOMENT North Korea provokes a war-like aggression, we no longer have a national debt crisis.  China has been "buying" the US debt for decades.  China is N. Korea's ally.  We will not pay our enemy to attack us, so in that instant the world forgives our debt to China.  Just. Like. That.

 

And this is how it was sourced:

 

 

 

Quote:

China gains to lose a LOT in the war.  Not only the debt they bought from the US, but they fear instability in the Korean Penninsula would create chaos in their own country as refugees flooded in.

http://www.businessinsider.com/why-japan-and-china-buy-us-debt-2012-9
http://bonds.about.com/od/bondinvestingstrategies/a/Chinadebt.htm

To summarize WHY China "buys our debt" is this: China is able to devalue their currency by buying our debt, which allows them to sell to us very low.  In turn, they keep the currency within their own country stable, which allows for internal prosperity and economic growth.

If China was to maintain their alliance with North Korea in a time of war, we'd be able to default on our loans.  There is no way whatsoever that we would PAY another country to PAY their troops to come KILL our soldiers.  Therefore, we could not pay China.  All the bonds they bought would become useless.  Not to mention, we are their biggest customer.  They could not finance a war without us buying their exports.

(The question this leaves is how costly would this war be to us?  Wouldn't we just run up the tab on the global market again?)

Also look into "The Great Illusion" and "The Money Game" by Norman Angell.

 

 


 

survivorinohio
by Rene on Apr. 19, 2013 at 10:37 AM

No not mine, none of this is mine save the op

Quoting Billiejeens:


Is below the link "your" summary - the link doesn't say that at all.

Quoting survivorinohio:

This is what was said:



Quote:

Not to mention, American politicians stand to gain A TON from a war with North Korea.  The very MOMENT North Korea provokes a war-like aggression, we no longer have a national debt crisis.  China has been "buying" the US debt for decades.  China is N. Korea's ally.  We will not pay our enemy to attack us, so in that instant the world forgives our debt to China.  Just. Like. That.


And this is how it was sourced:




Quote:

China gains to lose a LOT in the war.  Not only the debt they bought from the US, but they fear instability in the Korean Penninsula would create chaos in their own country as refugees flooded in.

http://www.businessinsider.com/why-japan-and-china-buy-us-debt-2012-9
http://bonds.about.com/od/bondinvestingstrategies/a/Chinadebt.htm

To summarize WHY China "buys our debt" is this: China is able to devalue their currency by buying our debt, which allows them to sell to us very low.  In turn, they keep the currency within their own country stable, which allows for internal prosperity and economic growth.

If China was to maintain their alliance with North Korea in a time of war, we'd be able to default on our loans.  There is no way whatsoever that we would PAY another country to PAY their troops to come KILL our soldiers.  Therefore, we could not pay China.  All the bonds they bought would become useless.  Not to mention, we are their biggest customer.  They could not finance a war without us buying their exports.

(The question this leaves is how costly would this war be to us?  Wouldn't we just run up the tab on the global market again?)

Also look into "The Great Illusion" and "The Money Game" by Norman Angell.






How far you go in life depends on your being: tender with the young, compassionate with the aged, sympathetic with the striving and tolerant of both the weak and strong.  Because someday in life you would have been one or all of these.  GeorgeWashingtonCarver


buttersworth
by Bronze Member on Apr. 19, 2013 at 11:52 PM
1 mom liked this

I never heard that, but I'm more afraid that a backward little buffoon Kim jung Un over there in Korea would get support from China.

China in some way has a lot of political pull in this country. Like, anything bad anyone says about China is often censored. Plus they exported dog food with rat poison in it to us, and toys with lead in the paint, and when a legislator got mad at them, our ambassador just apologized to the Chinese. Apologized after they did to us what wreaks of aggressive intentional behavior. Also, twice the Chinese said US citizens should not own guns. What, so if they decide to invade, they don't have to worry about Mr. Suburbia and his Iraq War veteran friends from blowing their troops away, guerilla style like we did against the Red Coats?

I wouldn't be surprised if China was going to use N. korea to get at us, and to get at japan too.

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