Quote: (08-15-2013 10:23 PM)Mack Four Wrote:
I read somewhere that because of our policy of free market property rights that China will eventually buy up all of Manhattan and Wall Street (same place?). They'll buy up all of our available big ticket real estate and our national parks from the Gov in exchange for massive debt forgiveness. An economic invasion if you will. And because of our open market, it'll all be legal.
Again though, exactly the same was predicted for Japan in the 80's/90's... world-class economists wrote books on Japan as the new world superpower... and it didn't happen. In fact they hit a 15 year slump. Fact is humans just aren't that good at predicting these things.
BTW, government debt isn't like other kinds of debt. When your major competitor owns all your debt, it's as much a problem for them as you. It's not the leverage you would expect it to be:
http://www.forbes.com/sites/kenrapoza/20...ty-threat/