So let's say we get into a real spat with China, which holds many of our bonds.
Default.
Thanks for the loan, suckers! We ain't payin' you back.
Lol. If they don't like the default we can always threaten to send back the truckloads of shower flip flops!
I've said the same thing many times. The ChiComs are new to this game, we can welsh on this deal anytime we want.