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To: meadsjn; reed13k
The U.S. debt to China is $1.07 trillion as of December 2019. I suspect that's going to be a write-off.

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While I agree with your sentiments, I feel 100% confident in saying the U.S. is not going to repudiate any debts.

Sometime in the future inflation will return, and conceivably some of the debt could be repaid in devalued dollars ... but that will not be in the immediate future, for the simple reason that we are still in the violent end of the deflationary part of America's economic cycle, and the problem is dollars are appreciating versus other asset classes, not devaluating.

President Trump DOES HAVE A PLAN, as both he and Treasury Secretary Mnuchin have hinted: They intend to roll as much as possible of the soon-to-be $25 Trillion in debt into 50-year and 100-year Bonds at close to 0% interest ... thereby pushing the problem down the road 2 or 3 more generations.

This is businessman-think.

1,374 posted on 04/10/2020 10:31:19 PM PDT by Disestablishmentarian ("the right of the people peaceably to assemble")
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To: Disestablishmentarian

I could see them issuing 0% new debt equal to the current value of all current debt and buying it all back rapidly in the next year. Highest interest rates first with extended windows of 50-100 years as Trump as mentioned multiple times.

+ whatever is needed for the desired infrastructure projects. Basically the world will be funding our investments for free. I like to think of it as a reverse Marshall Plan. The collateral could be all of the properties and assets seized via the EO from the traffickers + the gold we already have.


1,387 posted on 04/10/2020 11:26:32 PM PDT by reed13k (For evil to triumph it is only necessary that good men do nothing)
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