[Yet_Again]

Scenario Two: your business owes a bank $100 million and cannot pay it. Now it is the bank that has the problem. Strangely, the bank may even try to partner with you to ensure that you do not default on this loan. Heck, you may even have more credit extended to you.

Scenario Three: your business owes a bank $100 million and cannot pay it...the bank happens to have a standing military force consisting of 2,255,000 personnel...when you default, they decide to respossess your business.

[Yet_Again]

Scenario Four: Within the decade we will be incapable of confronting China on the field of battle with conventional weapons and winning a victory. We may not even be able to fight them to a stalemate. In exchange for cancelling our debts we give them Hawaii or Alaska - perhaps both - and withdraw to the Pacific coast ceeding control of the Pacific ocean to the Chinese Navy.