Yes, but don't forget, around 30%, or $8 trillion, of U.S. government debt is held by foreign nations. And if they start seeing this debt as too burdensome and/or begin distancing themselves from the dollar, well that's game over too.
Thanks for the common sense article about this clip that went viral. I read an article before this one about this same clip, which began by stating that the US could never default. I just rolled my eyes and thought of the list of countries in this article.
My understanding is that the treasury creats currency and the gives it to the FED for basically just printing costs.
The FED then lends the money as bonds with interest or just keeps the imaginary dept to release directly into the system.
The taxpayers are on the hook to the FED, which is a club of private bankers.
The government can issue all the bonds it wants, as long as there are buyers, the American taxpayers will pick up the tab.
If taxpayers figure it out, it's game over.
Yes, but don't forget, around 30%, or $8 trillion, of U.S. government debt is held by foreign nations. And if they start seeing this debt as too burdensome and/or begin distancing themselves from the dollar, well that's game over too.
https://www.crisisinvesting.com/p/a-us-debt-crisis-is-looming-and-most
True, but then the Fed monitizes the debt by buying all the bonds. That triggers inflation and the currency eventually drops to zero.
Got gold?
Thankfully, yes. He he.
I wanted to let you know that there is a spam account commenting and impersonating you.
Yes, I saw. Been deleting and blocking them. Thanks, Moody.
And silver.
The banks print the money and lend it to the government We taxpayers are on the hook for principal and interest.
It's so clueless it surely can't be.
Funny that. When this first came out you actually had people arguing this was a deep-fake. You can sort of see their point after watching this 😀
Thanks for the common sense article about this clip that went viral. I read an article before this one about this same clip, which began by stating that the US could never default. I just rolled my eyes and thought of the list of countries in this article.