"and dump USD enmass."
What? ...planes will fly over the US dumping all the Chinese & Saudi USD's and T-bills?
Note how much
new money flooded the US economy, as the housing bubble put
hundreds of thousands of dollars into every home-owner's equity accounts. ...which they "leveraged' to make additions, install $100k+ kitchen remodels, buy the new Benz...
Even if all the US debt were 'dumped' (no goods in return - not goiing to happen) it still would not hold a candle to the new money generated from that housing bubble. --where we did see
some general inflation.
That's how I see it. Please correct me, if I'm wrong.