floofloof@lemmy.ca to politics @lemmy.worldEnglish · 2 days agoTrump is pushing for the Mar-A-Lago Accord, a plan to convert foreign holdings of US debt into 100-year zero-coupon bonds that are banned from trading in the market.invezz.comexternal-linkmessage-square8fedilinkarrow-up176arrow-down15cross-posted to: economics@lemmy.ml
arrow-up171arrow-down1external-linkTrump is pushing for the Mar-A-Lago Accord, a plan to convert foreign holdings of US debt into 100-year zero-coupon bonds that are banned from trading in the market.invezz.comfloofloof@lemmy.ca to politics @lemmy.worldEnglish · 2 days agomessage-square8fedilinkcross-posted to: economics@lemmy.ml
minus-squaretechnocrit@lemmy.dbzer0.comlinkfedilinkarrow-up3·edit-21 day ago Devaluating federal debts will seriously impact the ability of the government to raise money. Yeah, that’s probably the point. This is skirting close to declare American bankruptcy to international markets. It wouldn’t be the first time. https://en.wikipedia.org/wiki/Executive_Order_6102 https://en.wikipedia.org/wiki/Nixon_shock
Yeah, that’s probably the point.
It wouldn’t be the first time.