No? They don’t hoard dollars, they hoard deeds if anything. Should the bottom fall out of the American Market, they’ll just pack it up and go to China or Russia or Europe. Their holdings won’t lose value over time, and anything short of super steep taxes on unrealized gains or nationalization won’t really affect them.

Those won’t happen because it’ll catch up the petty bourgeoise in the thresher, and common Americans won’t stand for that.