"The chinese hold enough of o ur debt to stifle our economy and if it continues to buy our debt to shut us down without firing a shot."
What happens to China if we tell them "Fine, we're stiffing you?"
at 400 million dollars aday how do you finance an aconomy if you repudiate your debts?
If you stiff your creditor for approaching atrillion then who will lend to you? This would precipitate a economic melt down so do we stiff them or do we do what they want when it gets to nut cutting time?