“Pay them, or screw the Americans/pension plans/banks/401ks dumb enough to purchase US debt.”
Not as boolean nor as simple as that. Haven’t you ever negotiated with a credit card company before?
In the highly unlikely event Donald means what he says, massive recession is the least of our worries. As a strong second amendment supporter, take that for whatever you think it means, in a rural environment I'll do my best to survive the elimination of most if not all social programs, most importantly social security and medicare, but the others as well.
Of course we both know, I hope, that this is just so much pandering to what he thinks are the masses.
All Trumps defects I'd prefer him to Hillary, so I hope the "masses" he's inspiring get him 270 electoral votes.