What happens if China has their citizens to pull money out of US?

[artillery77]

Originally Posted by jetgraphics

I wonder how Mandarin sounds with a cornbelt rasp?

Neee how

[howard555]

Originally Posted by howard555

What happens if they and others try to establish some other reserve currency and China wants the debt we owe them to be paid in gold instead of dollars?

Or some other form of payment?

From today's news

https://www.msn.com/en-us/money/mark...398f91b0&ei=38

[artillery77]

Originally Posted by GoAmericaGo

I don’t watch tv much but I overheard something about China preparing for war and what I thought was something about having their citizens pull out of investments in the US.

So what would happen if this was indeed encouraged? It wouldn’t be an act of war or aggression — perhaps just China wanting to keep wealth within their own country.

The whole reason why Chinese put their assets into the United States is specifically because once they are here, they are out of reach of their communist leaders. If the Chinese government could effectively pull them back, they wouldn't be here in the first place.

[jiminnm]

Originally Posted by howard555

This is an interesting questions as far as the amount of debt we owe China.
The Asian nation owns $1.065 trillion of US debt. Why do they own so much of our debt?

What happens if they and others try to establish some other reserve currency and China wants the debt we owe them to be paid in gold instead of dollars?

Federal debt totals $34.5T, so China holds about 3.1%. Last I checked, Japan held the most US debt held by other countries.


Anyone holding US debt, including the governments of other countries, will have that debt redeemed according to the terms of the debt instruments they hold. If I remember correctly, all US debt states that it will be repaid in US dollars.