The Importance of Liquidity in the US

I never understood this worry. If they don't want to hold them, so they changed their mind. They said, you know, all these years, we thought this was a good idea. It's not. They've got it. They're just holding it. And what would be the harm to us? We all harm to them. Or am I missing something? The market will handle this if the governments don't do something stupid to try to fix the problem. Some of that might involve adjustments of exchange rates and interest rates,. On the other hand, it's clearly is a good deal for the US if foreigners are willing to accumulate all this paper. There's a big implicit yield