Can US file for bankruptcy and dissolve the debt?
Can US file for bankruptcy and dissolve the debt?
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There was talk during Trumps presidency of renegotiation of our debt ( most is payable to the Federal Reserve) with the Federal Reserve. It is doable in theory, but it is a default and the USD would crater and the trillions of dollars they raise in government bonds go “ Kaput”….basically we literally become a Venezuela overnight.
As our interest payments on our debt is set to exceed Social Security payments, $ 1.3 trillion, something will give. When it happens ( “ the Waterfall event”) it will be sudden and without warning.
The financial greats call it “ The Great Reset”, and ALL have agreed that is when the CBDC ( cashless system) will be instated with promises it will be the “ fix” , go digital and you will not lose your SS, Pensions, Medicare, etc….the Sheeple will rush to it , just like the Covid scam.