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To: John.Galt2012
So if China ultimately holds the bonds (debt), do they get my house and land?

Not if you don't default on the loan. That is, not if you keep your job, pay the taxes, pay the insurance and pay the payments as agreed to on time and in full with your wheelbarrow full of dollars.

Miss a step when things are in chaos, though....

12 posted on 01/19/2011 12:49:14 PM PST by sam_paine (X .................................)
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To: sam_paine

Everyone will miss a step. If China is that involved well then we’ve been taking over without firing a single shot.


15 posted on 01/19/2011 1:51:35 PM PST by CommieCutter (I'll get an internet ID when Obama shows his birth certificate.)
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