Quote:
Originally Posted by Frownland
I'm pretty sure that China's recent infrastructure assistance in Africa is a form of alliance building for when the u.s. debt comes due because they know that the u.s. will fight any payment requests and ensuing sanctions.
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Nah I think it's just a more modern version of good old fashioned imperialism/colonialism. I.E. Leveraging your position as a lender to exploit debtor nations for natural resources.
The US debt they own theoretically is designed as a similar form of leverage over us. Of course they aren't really worried about actually collecting a lump sum from us.
They buy up US currency because they want leverage and to a large extent they also depend on us economically. As 2008 showed. Of course that relationship goes both ways.
But yeah, as it stands China couldn't do **** if we said we're not going to pay. Our military dwarfs theirs. Investing in Africa doesn't change that. But of course they aren't even in it to make a quick buck anyway. They're playing to win.