Originally Posted by Orangejello727
Whats your point? That the US will never repay China what it owes? What does that say about your country?
I dont care what McArthur didnt do. Thats like me saying if Canadians werent so nice, we would have torn you to shreds in 1812 after we burnt down your pink house! Imagine what would have happend if we werent nice enough to stop after we beat you to go drink beer and be happy?
China and India are real. Dont kid yourself my main man!! Just look around you.
The point is, they dont want to be repaid. If they do, their currency will be worth a ton more, and people wont go to walmart and buy expensive Chinese stuff anymore. China will lay off tons of people, increasing their unemployment rate. And if they do want their money back , it just helps USA... THats the whole point of the article. And over time that debt is going to lose value due to inflation... ANyway. I do agree with you that China, and India will have much better living standard in 20+ years, but right now, not* even close to USA, Germany, Norway, sweden, australia, Japan, South korea etc..