... that China tells the US "we want all the money you owe us - NOW!!!"? Is that the day that capitalism officially dies as an ideology because the people won't submit to being commodities? Are we being auctioned off by our government? Will money be worthless? Will everything work still, somehow, thanks to an infrastructure built during the capitalist stage of history? Or will China just not ask for the money we owe them? And if that's true, why would China want us to owe them? EDIT: On second thought, is China even holding the reins or is it Americans who hold the bonds and other government debt who, when they decide capitalism is just a bullshit way of allocation (ha... not pseudo-socialist at all) that makes promises but in the end leaves you high and dry, and your kids sucking diction, will call in the debt and intentionally collapse the ideology?
There is no such thing as money. It's all a crock of shit. A sham. A sideshow, to keep you from seeing the enemy within us. Who is genetically altering food, so that it has no nutritional value? Monsanto Corp., and the FDA. They both have offices in China, now. I don't care who owns money, I want to know who owns the food supply.
That day will never come... you can't collect money from a burning pile of rubble... and there are plenty of other investors to take China's place. (not that they're the leaders anyway.) Capitalism died a long time ago. Yeah, it's called central banking. Money's only worth what we say it's worth... so I doubt we'll all say it's all worthless one day. We work. The system works. Welcome to the machine. They will collect... eventually... but by then, we will owe them more... and the beat goes on. They are invested in America... they would like a return. But really, it's us who wants China to owe them... insurance. BTW, China is not the primary foreign investor in the United States... that'd be the Japanese. So, why aren't you afraid of them calling in their debt... or the British? Could this have anything to do with an engineered paranoia towards the Chinese? Atanyrate, China calling in it's $500 billion would not be the end of the world in America... only China.
Why do we always turn these arguements into semantics? Money is the given denomination for work, as long as people work there will be a money system. The money given to you is the value of the job you completed, if we are going to be arguing when money fails. Why don't we argue how working will fail?
Chaos (or hilarity for future generations) will ensue, most people will turn religious as a last minute desperate attempt to save themselves from the unknown, the world will keep on spinning and eventually order will come again and life will continue, money, greed, authority, rebels, conspiracy theorists and all. Just a guess...
I would like to make a note that the barter system of money has been alive since the first time we set foot to work as groups. Cavemens wealth was designated in how much food he had to stay alive. This is where collaboration came in, you cannot take down mastidons while you are fighting with other sub groups. When mastadons were taken down there was a new form of wealth emerged, more protien than the hunters family could eat before the meat rotted. This created symbollic communication where the working stages of the alphabet and many other collective social actions were created. You could say money gave us social interaction unlike anything else.
I think this pertains to this arguement. [ame="http://www.youtube.com/watch?v=d5s3Z0iesRM"]YouTube - Howard Rheingold: Way-new collaboration[/ame]