TR said:
...Since the United States owes vast amount's of money to China is it impossible for the USA to declare a "BS" war on China like we have to other's in the past ( Vietnam and Iraq in my humble opinion) for some bogus reason? Is that possible politically or not?
The US (or any other sovereign entity) can, at any time, for any reason, or no reason, tell any creditor to pound sand.
justification
The trouble with doing that in the case of China is that a) no one else is going to loan us any money, and b) no one else is going to lend us any money. Our entire standard of living is based on economic vaporware.
We've put ourselves in a position that's completely untenable. We can't hope to pay them back, because we don't export anything except weaponry, fast food, and anorexic celebrities. We also don't seem to be able to raise capital by instigating wars in countries with decent GDP that would want to buy enough of our weapons to pay China back.
We'd collapse into...well...Detroit...if China closed our national credit line. Paying them back isn't even an issue any more, really.
We're just plain fucked without a manufacturing base, and they know it. If we start getting our heads out of our asses and actually find the motivation to get factories open to produce something exportable, I suspect that China would try to throttle our access to the needed capital.
They'd be insane not to keep us dependent, since we've already sold out to them utterly, and couldn't stand on our own without a serious kick in the ass. They probably won't get agressive about calling our markers until we run out of raw materials to send them.
If we hadn't done this shit to ourselves, I'd be upset. As it stands...meh. We've degenerated so far that we probably deserve to be a client state for a few hundred years.
EDIT: tl;dr - We're China's crack whore. We could tell the cops they hit us, but we'd still be sucking a lot of dick afterwards.