Okay and if they print money like crazy what will that do to the value of the USD? If the U.S. converted their entire military budget to paying the debt to the Chinese all they could manage would be a token gesture. Are you suggesting they just print money until one can paper their walls with greenbacks? Combine this with the fact more and more nations are abandoning he petrodollar as a national reserve currency and adopting the Rubble and Yuan more and more.
Scenario 1: You’re right and China accepts USD and he banks just print the dollars. The resulting hyperinflation would make the USD worthless.
Scenario 2: The U.S. Simply refuses to pay. In which case China could sell the U.S. debt at a loss and again the state’s economy would plummet as their dollar’s value would be worthless.
Scenario 3: China refuses to accept USD and wants equity instead, or the U.S. prefers to pay them in equity instead. China gets a foothold in the states. If the states then continue asking for loans from China then China has a clear means to economically take over he U.S.
We’ve already established the fact that China no longer wants to loan any more money to he U.S. without them paying up.