China to buy out Europe?

[Timelord]

[Skean Dhude]

China could very well buy it all bup but if we do what Iceland did and default it ain't any use. The Chinese ain't daft.

[Timelord]

It's not really that China would buy it outright. It is that If China underwrites the whole European financial sytem, then we become in economic Servitude to China. Our productive wealth for the forseeable future would be sucked bigtime into China. Defaulting may not be an allowable option. You see what is happening in Greece at the moment. The only exit strategy may be revolution or military coup etc. Then the turmoil will bring one of China's biggest competitors down the pecking order and China moves up the Superpower queue. Of course, our resultant emerging economy will need rebuilding and there will be plenty of opportunity for exploitation by our helpful friend China.

(This is all just a hypothetical scenario, 1 of many)

[Skean Dhude]

Up the Superpower queue? There is only two there now and a wannabe EU. The US is coming down from being a superpower and China is moving into 1st place.