[glorgau]

OK, don't call it "not pay off", call it freezing assets, or whatever. If hostilities break out, no money is going to go their way except through back channels.

[taiwansemi]

If China no longer buys US bonds, then who will fund US budget deficits? The selling of US bonds makes up the shortfall in the US budget. If China no longer buys US bonds because America defaults, the US taxpayer can expect to pay much higher taxes, because America's credit rating and ability to borrow will be destroyed. In addition, interest rates will skyrocket, and America's economy will resemble some Third World economy.