Unfortunately if China decides to call it's US debt there is a good chance they could withstand the drop in the dollar better than we could. Just hope and pray they don't increase their market share in other Asian countries and demand at home.
@uneasyrider:
China only holds less than 2trillion, Japan is a very close second and other countries combined hold a larger share than both China and Japan combined...the vast majority of us debt, almost 70% is held by us. ET is right, China and other countries profit more from holding our debt than they would demanding payment. China doesn't own us like its portrayed. 4951