With China holding a very large chunk of U.S. Debt... (I am going to try getting my point down here.) If China says pay me all that I'm due. an U.S. Can't, we know that. What will happen with U.S.. Could China then tell us what we can do. Could they end up in charge of the U.S. In a twisted sort of way. Could we Americans be in deep trouble, asking for more from them? How bad could they make our economy suffer? An could we be switching currency because of our debt to them? Are we looking at a "Country Take over" situation.