We could just print 16 plus trillion shiny new dollars and drop them off in China and our other creditors door steps and say “thanks were even”.
Except I can’t foresee any scenario in which the ChiComs will actually demand repayment. We are their best customer. If they have to stop shipping to Walmart the leadership there will experience the bloodiest revolution in history in relatively short order.
Ditto Saudi Arabia. Bernanke and the Elites know this.