What would happen if the USA refused to pay their debts?
 

What would happen if the USA just said fuck it, we're not gonna pay these debts. Consider us bankrupt.

Is this an option? I mean China could turn around and have a trade boycott with the USA, but that hurts China even more than it hurts America I think.

I'm not suggesting this could or should happen, just thinking what if

Also I wonder what the national debts are of other countries.. I'm sure there's lots of countries that owe the USA money too. Can't they just cancel some of this out, or is it strategy to have so much debt in a way?

china would roll into Alaska and say "its ours" jk...maybe

China has the bomb man! Yer all fuct if China cashes in!! I'm just happy I live in Canada!

Other countries would get pissed at us and threaten war, then in a secret meeting we would just say we will look the other way and act busy and they can take Canada.

Other countries have done so in the past: Maexico, Russia, Argentina, etc. all have defaulted on their debts at some point.

Result is that they now have to pay much higher interest whenever they need money. Their ratings are lower and that means less money in the economy.

The amount of dumb people in this thread is amazing.

:(

And how has that worked for any in the past that have tried? LOL
1812 anyone?

I didnt say we would try again, though our army in 1812 did suck but come on... I said China could take it. Also by the way we were not just fighting Canada at the time. It was the United States Vs. the UK and it was actually about a UK blockade trying to prevent the US from trading with France. The UK did have the worlds best naval fleet at the time and well we had about 12,000 people. I know Canadians seem to love this and embrace it but they really should look at the entire history.

haha.. just wait till we're finished with 'whoever'

haha.. speaking of looking at the entire history..

This thread is dumb but that was 200 years ago...

Canada isn't a very good place for any country to try and "take"...

First of all, we have a highly educated populace who would fight to the death against an oppressive regime. If we couldn't fight, we wouldn't work.

Our country is huge, and there's no way to hold it. Imagine how many troops you'd need to cover it. It's just too big.

Finally what's the point? If China tried to uh, invade Canada.. You think the US would just sit idly? Whether they want to or not, they'd be up here fighting with us.

PS: If someone actually invaded the USA, you'd have tons of Canadians enlisting to come fight with you too, myself included.

We are a brave and glorious nation!

Correct me then. I am not some US is greater person either. The whole Canadian militia myth thing is just amusing to say the least. Also looking at entire battle neither side lost ground, British troops burnt down the US treasury building and effectively the White house (presidential mansion). The US burnt down York (Toronto). Hell even the Admiral at the time in Canada wrote in 1817 that they would not be able to keep Canada if the Americans declare war on them again.

I spend a great deal of time researching battles, and even replaying them via assorted war games which is one of my primary hobbies.

No shit! I tried arguing that with my dad when we were having some political debate about the Iraq war. If someone invaded my country I would fight back any way I could. His response "That will never happen." Which was not my point at all.

No worries, I'll tell your mom to cut him down next time I, uhm, deliver the mail. ;)

j/k.. But yeah, us Canadians are polite, but we fight a mean fight too. We didn't cut all these trees down and end up with nothing to show for the efforts :)

China has already occupied Canada. I don't know whens the last time you've been to any big Canadian city. The SARS thing was just an experiment to see how they can cleanse land for future new settlers.

it's all over the internet.. just subsitute 'british troops' for common sense, and you'll figure it out

Try a real agrument please. National pride is fantastic but check realities of the war, each battle, actual reports and letters. You are using about as much sense as an American saying they won WWI and WWII by themselves.

canada = usa to a lot people outside north america.

HAH! I'm gonna make a thread about this, nothin against you Scotty.. But I don't think our European friends agree there. :)

And uh..

Rest of the world = non-existant to a lot of people inside the USA. :)

Nuclear War?

But we did! France should never forget!

Probably chaos!

Nothing is more dangerous than the Canadian Speedo Thong.

:)

What would happen if the U.S. refused to pay their debts?

The collapse of the entire U.S. economy, followed by Japan sinking into the sea, followed by a worldwide depression the likes of which no mortal can imagine, followed by week 2.

alright.

a real quick argument is the reality of British interest in it's colonies. That war started because of impressment into the navy, and blockades. How many actual armies do you think they had rolling around Canada when they were at war with the French? We're talking minimal garrisons.

I bet you don't even know the voting record for that war. How everyone in the southern states voted for the war, and everyone in the north voted against?

I doubt you even know the story behind why an American fort surrendered because of 'one shot fired'.. you think they would put that in history? unless of course, it was something even more embarrassing.

Well, the USA hasn't been making payments on the principal for years, and can't even afford the interest as far as I understand it at this point.. So something's gotta give I guess.. Maybe it's just not that out of whack

what happens when 3rd world countries does the same? Us is not immune.

i often read this board and wonder what would happen if people outside the US stopped obsessing on the US?

Besides what happen in the past if there is war in America (on our soil), we can honestly say the world will end. I can't even imagine people from other countries allowed to camp here and fight us like we are doing over seas. We are way to powerful. Plus every country may hate us. But they love our help. I knew I shouldn't have read this thread. Don't get me started!

:2 cents:

WW III :helpme

We represent 40% of the world's economy.

Russia is at greater risk, if the Oil bubble pops.

The rest of the world would start a gfy thread about it and threaten to pull links...

You have a real understanding problem then.

The USA has never missed an interest payment on it's debt, ever.

Our national debt as a percentage of GDP is right in line with most of the other industrialized nations. We're not the highest, not the lowest.

Wow. My head hurts. Everytime I settle on a retarded point to counter, I'm drawn on to the next. It would be like using my fingers to plug holes in the hoover dam.

heck, none taken and i don't want you to take any offense. But thats the gernal consensous I get when chatting with people. Of course I know there different countries, but many don't.

Some om you americans crack me up...Allowed to camp here?? You think if they are in war they will ask for permission..

Maybe the US should start calling in it's debts. I wonder how much other countries owe the US.

I'm guessing a few billion in parking tickets in NYC just for people who work at the UN.