“And what do you propose to do when ‘let it burn’ involves unwinding the derivative risk pool underlying the insurers?”
A declaration of a universal debt holiday and a complete repudiation of the US debt.
/s
No, really.
/s
Honestly I’m of mixed thoughts on that one.
But I do know that whatever happens after this, it will really, really suck.
Ya, that will never happen LOL.
I think you we talking on a previous thread about your VA benefits and how they re protected, and can't be taken by a judge, etc.?
If the economy collapses, your VA benefits are just one more unsecured debt owed by the US Government. Bondholders of bonds backed by the full faith and credit of the USG will be ahead of you - and they won't get much either.