“Perhaps they could give a few of these coins to the Chinese as payment of the debt. I’m sure that would work just fine. Not.”
The Chinese have stopped buying our debt. That’s the real reason the Fed is printing money to buy Treasury debt. If the Fed wasn’t buying, interest rates would be soaring.
I hope you realize the Federal Reserve is a private bank. It is like China which used to buy our debt. A separate entity from the Federal Gov’t