Jump to content




Welcome to Unexplained Mysteries! Please sign in or create an account to start posting and to access a host of extra features.


* * * * * 1 votes

War and government Debt


  • Please log in to reply
13 replies to this topic

#1    likwidlite

likwidlite

    Alien Embryo

  • Member
  • Pip
  • 32 posts
  • Joined:27 May 2005

Posted 29 August 2013 - 03:11 PM

Just a thought, but what happens to government debt when a country goes to war with another it owes money too?

For example; The Syria crisis deepens and the US bombs the Assad regime sparking outrage in China/Russia.
The Chinese government then declares war on the US. What happens to the huge US debt to China?


#2    Kowalski

Kowalski

    The Original Penguin Conspiracy Theorist

  • Member
  • 4,102 posts
  • Joined:14 Mar 2013
  • Gender:Female
  • Location:* Madgascar *

  • It's All Some Kind Of Wacked Out Conspiracy....

Posted 29 August 2013 - 03:22 PM

View Postlikwidlite, on 29 August 2013 - 03:11 PM, said:

Just a thought, but what happens to government debt when a country goes to war with another it owes money too?

For example; The Syria crisis deepens and the US bombs the Assad regime sparking outrage in China/Russia.
The Chinese government then declares war on the US. What happens to the huge US debt to China?

Oh, I've been wondering the same thing.

In short: We'd be royally ******!


#3    likwidlite

likwidlite

    Alien Embryo

  • Member
  • Pip
  • 32 posts
  • Joined:27 May 2005

Posted 29 August 2013 - 03:35 PM

"In short: We'd be royally ******!"

That depends on how you look at it. Ignoring a potential nuclear war (nothing much would matter then) and without going into a huge debate about who would win etc, you have to weigh up whether the cost of war would out weigh the cost of the debt. At some time there must be a point when the costs of war is cheaper than just paying the debt. And if you've got a big ol' military and the resources to feed, clothe and supply it then gamble is a potential win, win, no debt and your bloated military is cut down.


#4    Kowalski

Kowalski

    The Original Penguin Conspiracy Theorist

  • Member
  • 4,102 posts
  • Joined:14 Mar 2013
  • Gender:Female
  • Location:* Madgascar *

  • It's All Some Kind Of Wacked Out Conspiracy....

Posted 29 August 2013 - 03:57 PM

View Postlikwidlite, on 29 August 2013 - 03:35 PM, said:

"In short: We'd be royally ******!"

That depends on how you look at it. Ignoring a potential nuclear war (nothing much would matter then) and without going into a huge debate about who would win etc, you have to weigh up whether the cost of war would out weigh the cost of the debt. At some time there must be a point when the costs of war is cheaper than just paying the debt. And if you've got a big ol' military and the resources to feed, clothe and supply it then gamble is a potential win, win, no debt and your bloated military is cut down.

I think our debt to China is somewhere around, oh, $1.16 Trillion dollars....


Quote

The Treasury Department estimates that our debt to China is approximately $1.16 trillion. That is nearly $15,000 in debt for the average American family.[Prove it…]

According to the US Census Bureau, there are approximately 78 million families in the US as of 2010. Since the US owes $1.16 trillion to China, that means [$1.16 trillion / 78 million families] that each family’s share is $14,871.79.


Link: http://www.defeatthe...much-do-we-owe/


And the War on Afghanistan:

Quote

To date, $459.8 billion dollars has been allocated for the war in Afghanistan since 2001 in current, or "then year" dollars


Link: http://nationalprior...ar-afghanistan/

Now, if, we get involved in Syria and China/Russia get mad, and declare hostilities, and China calls in it's debt, our paper money will be useless over night. Another huge expensive war, is also bad, as it puts us much more in debt. Not sure how a war would be considered cheaper? I believe we also owe Russia something around, $79.9 billion dollars also. We really shouldn't want to make them angry....

Edited by Kowalski, 29 August 2013 - 03:57 PM.


#5    likwidlite

likwidlite

    Alien Embryo

  • Member
  • Pip
  • 32 posts
  • Joined:27 May 2005

Posted 29 August 2013 - 04:10 PM

I understand the amount of debt the US is in. My point is if China declared war wouldn't the US just say "Up yours, we're not paying ****" and wipe out the debt. The US already has a huge military to use and could quite easily use the huge amount of resources to keep it going, and lets not kid ourselves one bit that the government gives a **** about the human cost. A move like this would be a long term, a country like the US and its resources could be up and running again in 30 years (Look at Europe after the war) and thats assuming it took the brunt of a war which it wouldn't (ignoring the big bombs). After the war the US elite would still be the US elite minus a huge debt. Wiping the slate clean so to speak.


#6    Kowalski

Kowalski

    The Original Penguin Conspiracy Theorist

  • Member
  • 4,102 posts
  • Joined:14 Mar 2013
  • Gender:Female
  • Location:* Madgascar *

  • It's All Some Kind Of Wacked Out Conspiracy....

Posted 29 August 2013 - 04:25 PM

View Postlikwidlite, on 29 August 2013 - 04:10 PM, said:

I understand the amount of debt the US is in. My point is if China declared war wouldn't the US just say "Up yours, we're not paying ****" and wipe out the debt. The US already has a huge military to use and could quite easily use the huge amount of resources to keep it going, and lets not kid ourselves one bit that the government gives a **** about the human cost. A move like this would be a long term, a country like the US and its resources could be up and running again in 30 years (Look at Europe after the war) and thats assuming it took the brunt of a war which it wouldn't (ignoring the big bombs). After the war the US elite would still be the US elite minus a huge debt. Wiping the slate clean so to speak.

Okay, I get what your saying now. Hmmmm....I'm not sure how that would work to be honest. When it comes to economics I'm no Peter Schiff.... :)


#7    Ashotep

Ashotep

    Telekinetic

  • Member
  • 7,320 posts
  • Joined:10 May 2011
  • Gender:Female
  • Location:USA

  • Courage is being scared to death but saddling up anyway-John Wayne

Posted 29 August 2013 - 04:32 PM

If China does go to war with us why would we pay them back.  Their economy would crash because we wouldn't be buying anymore of their junk and they would have a hard time shipping it anywhere else.


#8    Thanato

Thanato

    Government Agent

  • Member
  • 4,083 posts
  • Joined:27 Jun 2004

Posted 29 August 2013 - 04:50 PM

It would be like what Gappened with Germany they owed money in war reparations, it kept them poor and not a threat. Then they stopped paying and became rich and well...

China won't declare war on the US becaus ether need the US to bolster their economy and the US needs CHina for cheep labour and money. So it would be a lose lose situation.

"Your toast has been burnt, and no amount of scrapping will remove the black parts!" ~Caboose

"I will eat your unhappyness!" ~Caboose

****
"Freedom isn't bought in stores, it is bought on battlefields." ~Thanato
****

#9    Babe Ruth

Babe Ruth

    Non-Corporeal Being

  • Member
  • 8,320 posts
  • Joined:23 Dec 2011
  • Gender:Not Selected
  • Location:27North 80West

Posted 29 August 2013 - 05:26 PM

It is a very good question.

Is it even possible that we pay them back, considering the house of cards our economy is?  We will just continue to pay the interest, but the principal will never be paid.


#10    Gromdor

Gromdor

    Psychic Spy

  • Member
  • PipPipPipPipPipPipPipPip
  • 1,217 posts
  • Joined:16 Jul 2011

Posted 29 August 2013 - 07:07 PM

http://www.ritholtz....-made-in-china/

I don't think the debt or other economic factors will play as big of role if we go to war with China as people think.  Certain industries will suffer, such as walmart, on the short term.  But it might actually incentivize us to manufacture more in the United States.  As for the debt and other financial compensation- whoever wins can dictate that.  The effect of a third world war probably would do worse for everyone financially, than the worry over money owed.


#11    hacktorp

hacktorp

    Remote Viewer

  • Member
  • PipPipPipPip
  • 579 posts
  • Joined:11 Dec 2010

Posted 29 August 2013 - 10:49 PM

View Postlikwidlite, on 29 August 2013 - 03:11 PM, said:

Just a thought, but what happens to government debt when a country goes to war with another it owes money too?

For example; The Syria crisis deepens and the US bombs the Assad regime sparking outrage in China/Russia.
The Chinese government then declares war on the US. What happens to the huge US debt to China?

War or no war, global economies are so over-leveraged today, there is no way that even the most rosy 'growth' forecast could possibly begin to fund the debt service.  And the fact is there's nothing 'rosy' about the prospect for real economic growth in the developed world right now.  We are in the midst of a shifting economic paradigm and war would not delay it by more than a couple of months at best.

Think global reset.


#12    Wickian

Wickian

    Doppelganger

  • Member
  • 3,789 posts
  • Joined:11 May 2007
  • Gender:Male
  • Location:USA

  • Save it for Queen Doppelpoppellus!

Posted 29 August 2013 - 11:15 PM

Most of America's debt is domestic.  Only 15-20% of it is held in China if I remember right.


#13    Sir Wearer of Hats

Sir Wearer of Hats

    Is not a number!

  • Member
  • 9,925 posts
  • Joined:08 Nov 2008
  • Gender:Male
  • Location:Queensland, Australia.

Posted 29 August 2013 - 11:30 PM

View PostWickian, on 29 August 2013 - 11:15 PM, said:

Most of America's debt is domestic.  Only 15-20% of it is held in China if I remember right.
still enough to cripple the economy.


#14    Raptor Witness

Raptor Witness

    Savant

  • Member
  • 2,250 posts
  • Joined:17 Sep 2006
  • Gender:Male
  • Location:So beautiful

  • ראה

Posted 30 August 2013 - 01:12 AM

View Postlikwidlite, on 29 August 2013 - 03:11 PM, said:

Just a thought, but what happens to government debt when a country goes to war with another it owes money too?

For example; The Syria crisis deepens and the US bombs the Assad regime sparking outrage in China/Russia.
The Chinese government then declares war on the US. What happens to the huge US debt to China?
Anyone who conveniently calls their banker, their enemy,  because of something like this Snowden affair, and then has the supposed Free Press buy into that argument Is nearly as good as Adolf Hitler's propaganda machine.

Add to this, that poor men make up the bulk of our military, and the wealthy don't want to pay the price of their sons or their wallet, and you have a recipe for why we didn't want colonial rule.

It's also why Pres. Obama thinks that he can go to war without a declaration by Congress.

That earthquake which cracked the Washington Monument was Caused by the signers of our Constitution, as they rolled over in their graves.

Ask the pensioners in Detroit what they would rather do, Borrow from our enemies, or our grandchildren.

Posted Image "Make Manifest Destiny a memory ..." 12-7-2011  "When the earth is displaced fully three times at the point of destiny ..." 10-29-2013




0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users