Who should I be outraged at? The status of the USA

[Straybow]

Originally posted by Vesayen
Our legislature is quite corrupt, not entirely however. It's bigger issue is complete partisanship. It has not been about running our country in a long time, if it ever has, but it has gotten noticeably worse in the last (almost) 8 years. The legislature is about partisan politics and nothing else.

Someone was not paying much attention prior to 8 years ago...

Wiglaf: The value of the dollar is collapsing, our industry is all going overseas(or already has). The dollars from the outsourcing may be in American hands but that only has value as long as international law is respected. What happens if not too far down the road China(the biggest holder of American debt) calls it in? What happens if something else happens on an international scale where it ceases to matter who has the dollars, but who has the actual goods and means of production?

China holds bonds, not notes that can be "called in" like a consumer mortgage.

goods and means of production are worthless without a market to buy them.

[Q Classic]

China does hold bonds, which can't be "called in". They can, however, be sold to others. It's not in their interest to sell a whole bunch of them at once, since, after all, if they did that, everyone else would start doing it, leading to a market crash and helping no-one.