ThreeSpot: "wrap it up" and piss off the Chinese. Piss off the Chinese and they stop buying U.S. Treasuries. The Chinese stop buying treasuries and the U.S. is bankrupt. Fact of life.
If it happens, the first thing .gov will do is confiscate your bullion. Count on it.
Now, lets not go overboard.... Foreigners own about 30% of our debt, with China leading the way at around 6%.
I wish they would stop, it could be a good thing and force the feds to cut the budget by about 10% - works for me.
Maybe the Chinese shouldn't piss us off, remember we owe them 850 billion+. Maybe we just don't pay them back or if they force us into bankruptcy(not likely), they get nothing ;-)...