American debt has appeared since the founding of the United States and has developed for more than 200 years. In fact, it is not only the United States that issues American bonds, but most countries in the world are issuing national bonds. Because the US dollar is an international currency, it is universal, so the US debt is aimed at all countries in the world, not just the United States. Only reasonable debts of individuals and enterprises can get better development, and so can countries. Reasonable debt can make the economy develop better. At present, few countries' fiscal revenue can exceed their fiscal expenditure, especially developing countries, which need money for everything in economic construction, and the funding gap is even greater. In the case of unlimited printing money, they can only borrow money by issuing government bonds.

However, the debt scale of the United States is a bit unaffordable for the United States, especially in recent years, which can be described as "exaggeration". At the beginning of 20 19, the US debt was only about 22 trillion US dollars, and now it has exceeded 26 trillion US dollars. Last year, the growth rate of American debt exceeded that of previous years. Some experts estimate that by the end of this year, the US debt scale may exceed 30 trillion US dollars. From 2065438 to 2009, the total fiscal revenue of the United States was only $3,462 billion, and the annual interest paid on Guang Mei debt was nearly 1 trillion dollars. It can be said that the risk of US debt is getting bigger and bigger. Then why doesn't China throw away all the American debt in his hand because the risk of American debt is so great?

At present, China holds about US$ 65,438+US$ 0.08 trillion in US debt, making it the second largest US debt holder in the world. If China sells this trillion-dollar US debt at one time, no one can predict the outcome, which may lead other countries to follow suit and cause financial turmoil in the United States, but it may also be taken over by other countries, which will have no impact on the United States, so it is meaningless to sell the US debt, and it will also lose a weapon to shock the United States.

The second is to sell all the American debts, so it's still dollars. Do you have that many dollars waiting to depreciate? Some people say you can buy gold. In fact, you can look at the operation in Russia in the past two years. You sold almost all the American debt in your hand and turned to gold. Global gold production capacity is limited. Buying a lot of gold in a short time is bound to make the price of gold soar, so the money in your hand can buy even less gold. Moreover, the preservation of gold is not so easy. Germany spent 7 million euros to transport hundreds of tons of gold back from the United States a few years ago. This is not a custody fee, so it is not cost-effective to buy a lot of gold in a short time. The dollar will depreciate again if you hold it in your hand, which is why all countries in the world will buy American debt.

In addition, selling all US debt into gold or other fixed assets will also reduce China's ability to resist financial risks. Everyone knows that the current US dollar is the national currency, and there is no US dollar reserve, which has a great impact on the stability of the RMB exchange rate. We can see how Soros emptied the Thai baht and caused the Asian financial crisis, and we will know how important foreign exchange reserves are. Without the support of China's abundant foreign exchange reserves, the result of Hong Kong dollars in that year might be the same as that of Thai baht, so this is also the reason why our foreign exchange reserves are so large.

To sum up, the US dollar is still the main international currency at present, so it is unrealistic to sell all US debt. We can sell it appropriately according to the situation and exchange it for gold or other fixed assets, such as oil fields and mines, so as to avoid causing great losses to us after the real collapse of the US dollar.