If they do not like their treasury bills they can sell them on the open market to the highest bidder. After all they only hold 1/4 of a years budget.
Hate to tell ya, but have been hearing a lot about how vast tracts of federal land (which they have been seizing via Agenda 21 “preservation” subterfuge for years now) as well as natural mineral and energy resources (which the feds have been capping off and saving for them) have been collateralized to cover a lot of that debt.
You don’t really think that the Chicoms would loan us all that $$ without some collateral to secure it with, do you?
These are not stupid people we are dealing with, here.
We can’t drill our own oil because our debt holders - China in particular - essentially own it- or at least hold a lien on it.
What else can China put a lien on after our politicarats default on our debt - as we all know they will?
One economist / Accountant I spoke with back in ‘05 said that they can not only attach State and Municipal property, but assess a portion of the debt to every US Citizen and put a lien on our homes, bank accounts, and personal property as well.
If you have any trusted connections within the FED, Check it out.
Last I saw, every American (including children) now “owes” about $55,000 of the debt.
Pay up your fair share or the Chicoms can legally (apparently) repo your truck, forclose on your home, evict you out on to the street, sweep your bank accounts and take whatever else they want. If you get behind on your payments, there is always the PLA collection agency, and they play for keeps.
There is probably a loyal communist Chinese family who would love to take up residence in what used to be your home.
Ask a subject of communist China how refusing to submit and surrender their guns or any property their government wants works out for ‘em.
Once the Chicoms start pumping “our” oil, strip mining our coal and resurrecting our heavy industry, don’t expect the environmentalists to say much of anything about it.
Our ruling elite will probably be living in luxury in some distant tropical paradise, laughing about how they fleeced We the Amerikan Sheeple to the bone.
I’m speculating that we might see some version of the division of the former USofA much like what was planned following WW-II had we lost.
Instead of Japan controlling everything West of the Mississippi it will be the PRC, with everything the Nazis were planning on owning East of the big Miss becoming part of the global Islamic Caliphate.
At the moment, Communists and Islamic Supremacists get along just fine and work together swimmingly.
We’ve pretty much lost our Republic folks - how long do you think we’re going to be able to cling to it’s material remnants once it’s gone?