According to Jeff Gundlach, Scott Bessent discussed extending maturities and lowering coupons on Treasuries held abroad. This is tantamount to a default. The fact that a sitting U.S. Treasury Secretary is speaking publicly about default should cause foreigners to dump Treasuries. https://x.com/PeterSchiff/status/1920259912669495361
...this is was part of the Miran plan to swap US Treasuries held by foreigners with zero coupon gold backed 100 year US bonds
...how could they pull it off when the US has alienated foreign holders and trade and foreign relations have been somewhat compromised.
...by none other than coercion of course and weaponising tariffs and security guarantees.
