Comments on: What happens if Russia or China refuses to accept our currency for debt payment? http://www.myylt.com/2009/01/19/what-happens-if-russia-or-china-refuses-to-accept-our-currency-for-debt-payment/ Discussion of Forex Trading and Currency Trading Tue, 22 May 2012 05:55:13 +0000 http://wordpress.org/?v=2.3.3 By: nemeczek http://www.myylt.com/2009/01/19/what-happens-if-russia-or-china-refuses-to-accept-our-currency-for-debt-payment/#comment-11213 nemeczek Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/01/19/what-happens-if-russia-or-china-refuses-to-accept-our-currency-for-debt-payment/#comment-11213 Saddam Hussain tried to trade Iraqi oil in euro. What happend to him? Saddam Hussain tried to trade Iraqi oil in euro. What happend to him?

]]> By: liberal_60 http://www.myylt.com/2009/01/19/what-happens-if-russia-or-china-refuses-to-accept-our-currency-for-debt-payment/#comment-11214 liberal_60 Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/01/19/what-happens-if-russia-or-china-refuses-to-accept-our-currency-for-debt-payment/#comment-11214 The treasury notes specify payment in US dollars so refusing to accept dollars is not an option for them. But China could refuse to lend more money or renew existing loans. The result would be world wide economic chaos that China doesn't seek at the moment. The debt to Russia is not a big amount so far as I know. The treasury notes specify payment in US dollars so refusing to accept dollars is not an option for them.

But China could refuse to lend more money or renew existing loans. The result would be world wide economic chaos that China doesn't seek at the moment.

The debt to Russia is not a big amount so far as I know.

]]> By: sudharar http://www.myylt.com/2009/01/19/what-happens-if-russia-or-china-refuses-to-accept-our-currency-for-debt-payment/#comment-11215 sudharar Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/01/19/what-happens-if-russia-or-china-refuses-to-accept-our-currency-for-debt-payment/#comment-11215 exchange your money for the euro and pay exchange your money for the euro and pay

]]> By: paul http://www.myylt.com/2009/01/19/what-happens-if-russia-or-china-refuses-to-accept-our-currency-for-debt-payment/#comment-11216 paul Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/01/19/what-happens-if-russia-or-china-refuses-to-accept-our-currency-for-debt-payment/#comment-11216 No matter how sick we are we are still the best currency on the planet. No one else could handle the volume of money exchanged and owed. Many people think China is our biggest debtor but the American People then the Europeans own more of our national debt than anyone else. No matter how sick we are we are still the best currency on the planet. No one else could handle the volume of money exchanged and owed. Many people think China is our biggest debtor but the American People then the Europeans own more of our national debt than anyone else.

]]> By: Mr Hex Vision http://www.myylt.com/2009/01/19/what-happens-if-russia-or-china-refuses-to-accept-our-currency-for-debt-payment/#comment-11217 Mr Hex Vision Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/01/19/what-happens-if-russia-or-china-refuses-to-accept-our-currency-for-debt-payment/#comment-11217 China main currency reserve is in US dollars. China main currency reserve is in US dollars.

]]> By: Vash http://www.myylt.com/2009/01/19/what-happens-if-russia-or-china-refuses-to-accept-our-currency-for-debt-payment/#comment-11218 Vash Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/01/19/what-happens-if-russia-or-china-refuses-to-accept-our-currency-for-debt-payment/#comment-11218 You can start paying with gold. Then silver. Then women. You can start paying with gold. Then silver. Then women.

]]> By: Dyana L http://www.myylt.com/2009/01/19/what-happens-if-russia-or-china-refuses-to-accept-our-currency-for-debt-payment/#comment-11219 Dyana L Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/01/19/what-happens-if-russia-or-china-refuses-to-accept-our-currency-for-debt-payment/#comment-11219 France once did it, it was about in 1970s. France once did it, it was about in 1970s.

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