That's one way of making sure nobody buys U.S. debt anymore. Then how do you finance the deficit?
> That’s one way of making sure nobody buys U.S. debt anymore. <
I actually think seizing the US debt held by China is a good idea. We cant let Red China get away with what they have done.
But there is a danger in doing that, as you have noted. Perhaps the Chinese-held debt can just be frozen for now, not cancelled. Then take the case before the World Court. Other nations could join the suit as well.
Make it all nice and legal.
Unless the debt buyer was going to coverup a pandemic, causing 70K people to die, 30 million jobless and trillions in damages, why would they not want to buy the debt??