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The downfall of America; I finally finished my research.
Topic Started: Nov 27 2008, 10:33 PM (365 Views)
HAL-9000
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I'm afraid I can't do that.
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Ever since this crisis popped up, I have been studying vigerously over politics and econmics. While I kept my checks on Canadian, I main fouse was American due to the powerhouse superpower they are. The end result may shock but I've finally found out.

A few months ago, The U.S DOW Jones dropped hundreds of points and contuined to do so, In five weeks alone, The U.S lost about 8.5 Trillion, Which is added on to debt. Now, I also found out the U.S owes the world more then a trillion, If you really want to be techical, 10 Trillion infact, China being the majority owed. The U.S owes Canada a lot of money as well. A few billion from the Softwood arugement.

Needless to say, The American Market today proves my point, The Motors indestry is now bankrupt, Wall Street was gone insane and people were fired and the goverment was forced to intervine. Congress was told to dish out billions of dollers for the failed companys.

Meanwhile, American Tax Dollers are poured into a war in Iraq. Most of Americas money is put into the military instead of improving Americas failing healthcare system or schooling system. I don't make up this, I merely preach what I have read on numberous reports online. The war is crippling the American economy and infulence and is causing it to fall faster then it should. 20 years ago, America was the place to ask to solve problems, to lead. Today it's Russia, or China or even Canada. America is losing it's respect and infulence.

To say how much America owes the world, It's near 20 trillion dollers. That is A LOT of money. America is in debt, They owe everybody a peice of money. If they can't pay and they're debt is called then i'm afriad America will lose more then it's Superpower status in the world.

China, Since they hold more of the U.S debt, Controls the largest part of the ticking time bomb in the U.S. All they need to do is demand for there debt and in a few seconds, The U.S superpowery over the world will cease to exist. It will all come tumbling down. People will riot, demanding for the goverment to fix it, They can't because there isn't enough money to owe, Therefore America will enter a depression of epic porpentions while the rest of the world watches a superpower hit the floor.

Now, To answer Foxby's questions, 1. I doubt that China will want to get there money over a extended peroid of time, You see, It's like this. Somebody owes you a 2 year morage that is very overdue and you want that money NOW, they had the 2 years to pay and they refused eachtime you asked. Now they give you the money or get out. In the US of A. You get things from China which is basically 80% of all your stuff. Same with Canada. If the U.S can't pay then China can skyrocket the prices and soon the balance is unstable. The national wage won't be able to take more and more rising prices and since your a captalist system, The goverment can't help you out with it. Therefore, Most Americans will be buying less and less. Plus, Other prices may soar due to how much they owe everybody else.

2. Hm, If you blow China off then they may get mad. In real life, You go to court and if you win, You don't need to pay, If they win, You need to pay or else the country s going in flames. Sure, You could fight with China but I doubt the rest of the world will side unless you find a way to make it seem like a bad idea to pay the world the money you owe them. Plus, if you really want to fight China then you could probably get off free since America is still the worlds strongest nation. However, China is becoming amazingly powerful in the few years, It's a growing superpower and has a massive popluation with a army of 500 million or so, Thats more then the U.S Popluation alone. If they countine to become stronger and stronger as they are. They won't fear fighting the U.S. anymore.

As for a long term effect, Canada will be affected majorly since 80% of our trade is American and if you fail, We'll follow suit slowly and surely, Although Canada could do fairly well if we start trading with other countries.

To end, I'd like to say why I wrote this. I wrote this because of what we need to suspect for the future. True, this may be a loose interpation of what IS to happen. But what is going to happen may come sooner then you think. The U.S may come out of the slump and regin as the Superpower we know. Or will they hit the floor like the Soviets did?

We shall see.
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Foxby
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Emerald Guardian
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Two problems as far as the debt is concerned:

One: As long as the debt exists, interest skyrockets. To be honest, we already paid back everyone at 0% interest. However, if you DO factor in the interest... well, that's where most of the problem lies. We're making the minimum payment on our China credit card. xP

Two: What if they call their debt and we refuse to pay? We could completely blow them off. "Screw you." Certain things would fall, but that wouldn't destroy us. We might enter a war in China over that, but we're already on that path to begin with.
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李丽丽
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我想奶油喷!
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中国! :D *Waves a China flag*!
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Zoden
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HAT OF HAPPINESS!!!
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See, THIS is why moving to Canada actually sounds good... Least there's a better chance up there. Back to the Homeland for me!
"Creation happens but once. Destruction and Rebirth are eternal."
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