'Which in effect would declare most of the assets held by the FED near worthless.'
No way. The FED holds $trillions of Tbills remember so it either holds them till they mature or sell when they can. So what's the point of the banking system, which the FED is in fact a tangible part, declaring itself insolvent.
- Forums
- Economics
- Whats the go with Aust debt?
Whats the go with Aust debt?, page-8
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)