160 Operation Sandman: 100+ nations simultaneously sell off their US Treasury holdings, thereby collapsing the US Dollar (twitter.com) posted 1 year ago by kula 1 year ago by kula +160 / -0 59 comments share 59 comments share save hide report block hide replies
Because to sell them all that rapidly they have to sell at a big discount.
Kind of like when people start selling their crypto and drives the value down within hours.
And if they don't sell. If no one wants to buy them. They are worth absolutely nothing. The dollar would be dead at that point. My guess is the US Government would try to buy them back. I'm not sure if they would be successful.
Buy it back with what, more printed money?
Exactly.