Originally Posted by sortie

Cliff Notes:

China has a shit load of US bonds etc.. and will cash them in for the money.
But the money is being used by the US Gov and banks and it would be a bitch to pay all this money to china.

The US would probably have to print up new money just to do this and that would make the dollar worth less since there will then be a trillion more of them floating around.

With the dollar worth less it would become hard for US people to buy the goods that they want since every fucking thing we want is imported from a country that doesn't use dollars.