Saudi Arabia's Empty Threat to Wreck the U.S. Economy (William T. Wilson, The National Interest)

In recent years there has been much speculation over what would happen to U.S. financial markets and the economy if Chinese authorities suddenly decided to sell the approximately $1.3 trillion in U.S. Treasuries or government bonds they are estimated to own. In recent weeks, rumors have circulated that the Saudis were considering selling theirs—up to $750 billion of American dollar-denominated assets held by the kingdom.

http://nationalinterest.org/feature/saudi-arabias-empty-threat-wreck-the-us-economy-15993