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Whats the go with Aust debt?, page-9

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07/04/20

10:56

Post #: 43923031
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Originally posted by thorburn: ↑

'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.

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Hi Thorburn,

This link supposedly explains the Trumpian you-beaut plan for renegging on U.S. debt.
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