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We are incredibly lucky that China loves us. China needs the US just like the US needs China. China currently holds $900 billion USD that is not make believe like the other money circulating around the world. China would absolutely be foolish to release all that money to reduce the worth of the dollar. If the dollar decreases in value, so does the yuan which would be catastrophic for China because it is pegged. However, China could always peg another currency or simply let the yuan float if the US somehow angered China to the point that they would want to drop an imaginary nuke on us. Hypothetically speaking if China were to let loose all the USD then that would hurt both economies. If the dollar decreases in value, less Chinese goods will be imported because the yuan would be much stronger than the dollar, assuming it is no longer pegged. China would then lose one of its largest costumers, thus hurting their own economy. Releasing the $900 billion dollars would be foolish and would only cause unnecessary conflicts because I'm 100% certain of it were to ever happen the US would simply not stay quiet.
As for the bonds, **** the older generation. That is all.