Analysis: What is Plan B if China dumps its U.S. debt?
• ReutersWhen borrowing money it's always good to have a Plan B in case a big creditor pulls the plug. That should be true whether the sum is a few thousand dollars or about a trillion, the size of the United States government's debt to China.
I believe the T-securities held by foreign nations are, in greater part, a form that can only be sold to the U.S. government. If China wants to sell too many too fast, the US government could repudiate the debt ??