[mountn man]

But as the worlds economic engine grinds to a halt, there will be no one to buy Chinas goods.

China may own a large part of our debt, and maybe other countries also, but IOUs aren't worth much in fiat money.

The US only has 2 real assets. Land and people. And China has enough of their own people.

[uncommonsense]

"China may own a large part of our debt, and maybe other countries also, but IOUs aren't worth much in fiat money."

The only consolation I have in all this union bailout crap is that both China and the unions will eventually get screwed when we pay China back with inflated $'s and the union's fixed income payments get crushed by the inflation they had a large hand in creating...