my understanding is debasing the currency to perpetuate this debacle is a form of partial default
I believe a treasury bond carries the same currency risk as foreign shares
so if the US prints up more money, the USD drops 10% then the bond holder loses 10% and also a portion of the interest (worth less)
of course the currency can go up again, but in this situation not likely
so its pretty cheeky for the US government to be selling T bonds and then printing up more money, they seem to be painting themselves into a corner and will have to start cutting spending in a big way
