What would happen if Russia and China dumped all their dollars?

Dear Mr Celente,
Can you please clarify if in fact at anytime Russia and primarily China would consider dumping all US dollars simultaneously, economically crippling the United States (through inflation) and in turn seriously impacting the United States as a influential figure on the world stage. Now my questions are. Are the powers at be in your country oblivious to this risk or don’t consider it to be one? and secondly with all the threats, sanctions and provoking action bythe US towards Russia, Why does Russia/China hesitate to preform such action knowing that they have the US in a very vulnerable position?
Thank You
Alec Baini

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