Saw this question asked this morning on Pakalert Press: Who Is Going To Buy Our Debt If This War Causes China, Russia And The Rest Of The World To Turn On Us?
From the article:
What is going to happen if China, Russia and many other large nations stop buying our debt and start rapidly dumping U.S. debt that they already own? If the United States is not very careful, it is going to pay a tremendous economic price for taking military action in Syria.
As the article mentions, China and Russia have moved warships into the Mediterranean Sea off the coast of Syria. However:
If the U.S. attacks Syria, Russia and China probably will not take immediate military action against us.
But they could choose to hit us where it really hurts.
According to the U.S. Treasury, foreigners now hold approximately 5.6 trillion dollars of our debt. Over the past couple of decades, the proportion of our debt owned by foreigners has grown tremendously, and today we very heavily depend on nations such as China to buy our debt.
At this point, China owns approximately 1.275 trillion dollars of our debt, and Russia owns approximately 138 billion dollars of our debt.
So what would happen if China, Russia and other foreign buyers of our debt all of a sudden quit purchasing our debt and instead started dumping the debt that they already own back on to the market?
In a word, it would be disastrous.
As I have written about previously, the U.S. government will borrow about 4 trillion dollars this year…
Of course the biggest threat of all is the 441 trillion dollar interest rate derivatives time bomb that is sitting out there. Rapidly rising interest rates could potentially bring down several of our “too big to fail” banks in rapid succession and throw us into the greatest financial crisis the nation has ever seen.
Are you starting to get the picture?
The article also provides some interesting facts about the potential attack/war. For example:
Secretary of State John Kerry said at Wednesday’s hearing that Arab counties have offered to pay for the entirety of unseating President Bashar al-Assad if the United States took the lead militarily…
“In fact, some of them have said that if the United States is prepared to go do the whole thing the way we’ve done it previously in other places, they’ll carry that cost,” Kerry said. “That’s how dedicated they are at this. That’s not in the cards, and nobody’s talking about it, but they’re talking in serious ways about getting this done.”
The way we’ve done it in other places? Is this a warning that the start of another Iraq, Egypt or Afghanistan is about to begin?
Then there’s the problem of the groups we’ll be supporting. As U.S. Representative Tom Marino states:
Like many Americans, I believe it is our duty as decision makers to be informed and confident when making choices – especially in those choices that could result in sending U.S. troops or money abroad. It is no wonder Secretary Hagel isn’t in the business to trust when more players are added daily to the growing list of ‘Syrian opposition’—many of them jihadist, terrorists, known Al Qaeda affiliates, members of the Muslim Brotherhood and enemies of the U.S. and our allies. To simplify, the Secretary of Defense was unable to tell us, after nearly three years of the Syrian Civil War, who the good guys are or if there are any at all.
The article includes a picture from the Facebook page of a Syrian rebel group that shows the White House burning in the background. Other rebel groups are displaying the black flag of al-Qaeda. These are the groups our president and Senators want to support?
In case you didn’t hear this on Fox News or CNN, U.S. marines are performing military exercises in Jordan, a country that borders Syria. What a fortunate coincidence if the U.S. decides to attack Syria.
Another aspect to this charade is that there is no proof that Assad carried out the chemical attacks (if any attacks actually happened). There’s this headline seen on Blacklisted News, Congress Members Who Have Seen Classified Evidence About Syria Say It Fails to Prove Anything:
Former high-level intelligence officers say that publicly-available information proves that the Syrian government likely did not carry out the chemical weapons attacks.
It seems only Senators who received large donations from military contractors think the evidence is convincing.
Nevertheless, “they” are determined to attack Syria, for whatever reasons they have in their depraved minds. May God help us.