I’m not an expert on global economics, but one thing I learned in working for a major financial publication is that because the U.S. economy was considered the most stable in the world, foreign countries ranging from allies to adversaries saw an advantage in buying America’s debt. Stuff like Treasury bonds.

Now that the racist illegal-immigrant hair-plugged Space Nazi and his bloated, incontinent, senile Orange Chia Pet have taken an axe to international relations and the U.S.’s economic stability, I’m wondering what would happen if all the other countries said, “Fuck off, we’re getting out of here and dumping this shit.”

So here are some statistics (since MAGAts believe 2+2=5, this is going to be way over their heads).

From USA Facts:

The US government owes trillions of dollars in debt to foreign entities, including governments, central banks, companies, and individual investors.

This debt includes US Treasury bonds and other securities, which are popular as they are considered safe investments.

Many nations buy US Treasury securities (also called “Treasurys”) because they are considered one of the safest investment options available. …

As of April 2024, foreign countries own approximately $7.9 trillion in Treasurys — or 22.9% of total US debt. Over the past two decades, central banks and other government entities have owned more than 50% of foreign-owned debt. Independent investors and companies held the rest.

The Chia Pet has already thrown the stock market into turmoil and is going out of his way to piss off huge trading partners. Partners who own a lot of U.S. debt:

Over the past 20 years, Japan and China have owned more US Treasurys than any other foreign nation.

Between December 2000 and April 2024, Japan grew from owning $556.3 billion to just over $1.1 trillion. China’s ownership grew from $105.6 billion to $749.0 billion. …

Over the past 20 years, Japan and China have owned more US Treasurys than any other foreign nation.

Between December 2000 and April 2024, Japan grew from owning $556.3 billion to just over $1.1 trillion. China’s ownership grew from $105.6 billion to $749.0 billion.

So that’s a lot of money that’s not in our hands.

What do financial experts (not your crazy MAGAt uncle who’s sitting in his underwear surfing the internet for porn, Alex Jones financial advice and erectile dysfunction supplements) think would happen if everyone asks for the “check, please”?

The response from AI, which is amassing overwhelming amounts of data every hour is:

If all countries simultaneously dropped their holdings of U.S. debt, the dollar’s role as the world’s reserve currency would be severely challenged, potentially leading to a global economic crisis, higher interest rates, and a weaker U.S. economy. 

Here’s a more detailed breakdown of the potential consequences:

1. Dollar’s Reserve Currency Status at Risk: 

• The dollar’s dominance in global finance is partly due to the large volume of U.S. debt held by foreign countries, which are seen as a safe and liquid asset. 

• If countries lose confidence in the U.S. government’s ability to repay its debt, the dollar’s status as a reserve currency could be threatened, potentially leading to a shift towards other currencies like the euro or yuan. 

• A loss of reserve status could mean a decline in the dollar’s value, making U.S. exports cheaper but imports more expensive. 

2. Higher Interest Rates:

• With less demand for U.S. debt, the U.S. government would have to offer higher interest rates to attract investors, leading to increased borrowing costs. 

• This could lead to higher mortgage rates, higher corporate borrowing costs, and potentially a slower economy. 

3. Economic Instability: 

• A sudden sell-off of U.S. debt could trigger a financial crisis, as investors panic and try to sell their holdings. 

• This could lead to a recession in the United States and potentially a global downturn, as the U.S. is a major economic power. 

• The stock market could also experience a sharp decline, as investors lose confidence in the U.S. economy. 

4. Potential for Default:

• If the U.S. government cannot find enough buyers for its debt, it could face the possibility of defaulting on its obligations. 

• A default would have catastrophic consequences for the global economy, as it would erode confidence in the U.S. and other nations’ financial systems. 

5. Trade Imbalances:

• A weaker dollar could make U.S. exports more competitive, but also imports more expensive, potentially leading to a widening trade deficit. 

• This could strain the U.S. economy and lead to further economic problems. 

6. Loss of Exorbitant Privilege:

• The U.S. currently enjoys a “exorbitant privilege” due to the dollar’s reserve currency status, which allows it to borrow cheaply and run large deficits. 

• If the dollar’s status declines, the U.S. would lose this privilege, potentially leading to lower economic growth, higher unemployment, and lower equity wealth in the long run.

And what does that mean for poor states like Kentucky?

Well, a month ago, WalletHub did an analysis of the Most and Least Federally Dependent States (2025). It doesn’t look good for us at all (and I don’t mean because I can’t get this chart to align the right way, which is the least of our problems. But the info is correct):

Most Federally Dependent States

Overall Rank*	State	Total Score	State Residents’ Dependency Rank	State Government’s Dependency Rank
1	Alaska	87.04	6	2
2	Kentucky	82.28	4	7
3	West Virginia	81.06	2	8
4	Mississippi	71.49	8	9
5	South Carolina	70.08	5	21
6	New Mexico	67.77	1	34
7	Louisiana	63.41	23	1
8	Arizona	63.39	21	3
9	Indiana	61.80	9	17
10	Alabama	61.04	12	12
11	South Dakota	59.67	25	4
12	Wyoming	58.49	27	5
13	Maine	56.51	13	18
14	Maryland	55.81	10	29
15	Vermont	55.48	16	11
16	Montana	54.69	15	14
17	Oklahoma	52.85	20	13
18	Missouri	51.18	36	6
19	Rhode Island	46.20	32	10
20	Pennsylvania	46.16	18	27
21	Tennessee	42.23	26	22
22	Arkansas	41.59	39	15
23	Oregon	41.10	22	30
24	Michigan	40.82	28	23
25	North Dakota	40.43	3	50
26	Florida	40.14	31	20
27	New Hampshire	39.36	37	19
28	Minnesota	38.69	14	40
29	Hawaii	38.65	7	49
30	Ohio	37.86	45	16
31	North Carolina	37.11	30	26
32	Idaho	36.31	24	35
33	Wisconsin	35.98	19	39
34	Nebraska	35.53	41	24
35	Virginia	35.44	11	48
36	Nevada	33.85	35	31
37	New York	32.86	46	25
38	Texas	32.54	44	28
39	Georgia	31.37	38	33
40	Connecticut	30.53	17	45
41	Iowa	28.95	34	37
42	Colorado	28.82	40	36
43	Illinois	27.84	48	32
44	Washington	25.00	43	38
45	Kansas	21.56	33	43
46	Utah	21.10	29	46
47	Massachusetts	20.31	47	42
48	Delaware	17.70	50	41
49	California	16.47	42	47
50	New Jersey	13.94	49	44

Notes: *No. 1 = Most Dependent
With the exception of “Total Score,” the columns in the table above depict the relative rank of a state, where a rank of 1 represents the most dependent for that metric.

So, Kentucky is the second most federally dependent state in the nation. That means that if other nations are nauseated by us, we will be that patient in the emergency room that has all the doctors running around yelling “CODE BLUE.”

We are so screwed.