temporarily tank and in turn make it very difficult of the US to issue new ones, which they depend on to finance their huge deficit.
Which is irrelevant, just QE and the Fed buys new debt off Treasury, also, just issue it with a 0% coupon rate, so no interest… this is exactly what Japan has done with the Yen for decades. Then only issue after that is inflation.
The current US debt can’t be paid back, it’s too big, holding more debt in that context is irrelevant.
Which is irrelevant, just QE and the Fed buys new debt off Treasury, also, just issue it with a 0% coupon rate, so no interest… this is exactly what Japan has done with the Yen for decades. Then only issue after that is inflation.
The current US debt can’t be paid back, it’s too big, holding more debt in that context is irrelevant.