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25,824 Posts.
273
23/07/24
10:58
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Bond holders can go bust, America cannot, they lend and spend in $US, they can print as many of those they need, the US cannot go bust.
The worst thing that can happen is the value of their dollar falls quicker than 2% per year, going bankrupt is impossible.
This is not the same for other countries as they borrow $US and have to earn them to pay them back.
Just them raisng the debt ceiling 74 times shows they can't go bust!
The likes of Yellen want debt ceiling's abolished!
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