Horse Shit!
What the F Are they going to do about it? Not a god damn thing. They will take the greenback or they can go straight to Hell. And there isn’t a thing they will do about it.
They aren’t about to launch a trade war, invade or drop the bomb.
As a matter of fact: When we default, we have done so on other occasions, they will take what we offer or they will get nothing.
I am not that old and still remember when Japan was going to take over the U.S. due to the purchase of land and buildings and debt. They never did. Their economy is in shambles and their demographics are at collapse levels. So is China’s.
Forty years of one child policies gives you lots of Men, but they are all only children. The parents of only children are even less likely to allow a war of any kind.
“What the F Are they going to do about it? Not a god damn thing. They will take the greenback or they can go straight to Hell. And there isn’t a thing they will do about it.”
Unfortunately here in America we citizens don’t get the right to binding referendum and the ultimate control over government elites owned by lobbyists.
In Iceland they do and when their bankers and Europeans (or possibly Chinese) came in demanding that the citizens of Iceland be assessed for the incompetence of a handful of their crooked private sector international banks, they told them to shove their obligation where the sun doesn’t shine.
Here in the USA both Parties made sure that we all were put on the hook on behalf of the NYC bankers, FRE, FNM, etc.