Quote from orange_trad:
Why on Earth would people want assets in a bankrupt country?
"Bankrupt" only applies to the current residents and holders of the destroyed paper money.... which will be 99.9999% of Americans in our debacle.
The real assets have great value. You think the Chinese wouldn't want to own land, buildings, minerals and mineral rights in the USA? The only genuine problem in owning assets in a "bankrupt" country is the government... which usually becomes accommodative for the right price.
I'm surprised we haven't yet promised Iowa to the Chinese in exchange for their continuing to buy our Treasury debt...