The US can't go insolvent. The fed can could buy the entire debt out tomorrow out of newly created money. Sovereign debt in a country with such central bank is little more than future tax or inflation, but solvency is guaranteed.
The Treasury just declared the U.S. insolvent
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Re: The Treasury just declared the U.S. insolvent
#12Re: The Treasury just declared the U.S. insolvent
#13Not a nice timing by the treasury to post this at the same time that many companies fire employees, war is going on, and fuel is running out. Everything is piling up it seems
Re: The Treasury just declared the U.S. insolvent
#14The US can't go insolvent. The fed can could buy the entire debt out tomorrow out of newly created money. Sovereign debt in a country with such central bank is little more than future tax or inflation, but solvency is guaranteed.
But bonds and the Dollar could become nearly worthless
Re: The Treasury just declared the U.S. insolvent
#15Don't worry guys, we'll still set aside money to fund wars in deserts far away.
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Re: The Treasury just declared the U.S. insolvent
#16[flagged]
Before Trump there was the belief in reasonable measures.
Now it’s only chaos and uncertainty.
Markets hate uncertainty.
Re: The Treasury just declared the U.S. insolvent
#17Here's your reminder that this is of course a bunch of alarmist nonsense, because as an issuer of currency the United States is incapable of becoming "insolvent."
The authors are from an libertarian extremist think tank that pushes for a balanced budget amendment. If these people got their way, we would immediately solve the problem of people arguing about this on the internet since none of us would be able to afford to own a computer.
Re: The Treasury just declared the U.S. insolvent
#18Trump isn't over yet; there is more to come...or go, depending on your perspective, I suppose.
Re: The Treasury just declared the U.S. insolvent
#19NB. This article could have been written under any recent administration (and no doubt was published in different forms).
I don't mean it's politically motivated or that the current admin shouldn't be criticized; the authors have legitimate economic views and concerns that follow - but the title is clickbait and shouldn't be used to infer something new is happening.
Re: The Treasury just declared the U.S. insolvent
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