Danktrees said:it would have prolonged a war which was in a stalemate. furthermore, a lot of the damage was done well before the war even started...nanking for example happened in 1937, as well as most of the other territories that were lost happened before 1939. by the time 1940 came around, chinese resistance led to a stalemate with neither side gaining any ground. altho the NRA did defeat the IJA twice in 1939 but then lost a major offensive in early 1940. this led to skirmishes as neither side could gain ground. so while there is no doubt that america was a great help in DEFEATING the japanese imperial army, there was not much happening to suggest that it single-handedly saved china from destruction. certain parts of china were in a poor state but china as a whole was far from the brink of disaster. so to take all of the credit for saving china is wrong...china was not close to being destroyed. all of the damage had already been done. and in a stalemate, china would win as the japanese were already having supply problems and had great difficulty controlling the regions they had gained (evidenced by the fact that they installed local puppet rulers instead of their own administrators) so even if they went on the offensive, they could not maintain control of any additional regions. another thing to consider, russia contributed more to china than any other nation. obviously, it was to prevent a 2 fronted war but they still provided massive amounts of assistance. britain, australia, netherlands all helped as well and you do those countries wrong by claiming all the credit for the united states.
also, where would the economy be if china hadnt bought up a bunch of bonds and currency when the recession started and the dollar was dropping in value?
on topic -> i have not heard about this and i have talked to a bca instructor who uses schuler cues so he would know if they actually went out of business.
Closer to telling the rest of World to go screw yourself, we are not going to pay our debts, and that is right where we need to be. Because the problems caused by this decision will certainly kick start the rebuilding of our manufacturing infrastructure, this is the only way to rebuild what has been torn down. This is also the way to replace the lost job's, do you think for a moment in a crisis like I am describing that the same Governmental regulations that caused many of these problems will still be a factor? This is certainly not the road that I would choose if there was another choice. I also understand the effect it will have on the entire World, and America, but those who make it through will be stronger for it and thus this country will be stronger. Our system has some major flaws, along with the Global economy, if the above occurrs the World Economic systems will have to change, because the way they are doesn't work.
Oh and by the way, do you think Canada will be safe and not effected by such actions. They will be faced with the same problems that America will have, it kinda sucks to be located on all sides by America or water don't it.