[ravager]

“Simply cancel the US bonds that China holds, dollar for dollar.”

Its not so simple. You would only cancel a piece of paper. All the co-lateral assets such as US companies and share holder investments are inside China. Chinese government can simply walk in and take possession of those assets.

[Leaning Right]

Chinese government can simply walk in and take possession of those assets.

That's an interesting point. But must we ignore the debt the Chinese owe us just because they might seize a factory?

[mamelukesabre]

I don’t care. Thats the price you pay for shipping my jobs to china.