Wait until Treasury tries to sell this debt to our creditors. They will balk.
we can only hope nobody buys the debt
“Wait until Treasury tries to sell this debt to our creditors. They will balk.”
I don’t know how they can sell this debt at all. What they would be saying is “Lend us the money that we will use to destroy all means of repaying you.”
It’s utterly insane!
not to mention the $1.3 trillion porkulus borrowing being treated as a wholly separate expenditure
journalists these days cannot add $1 trillion plus $2 trillion = 3 trillion, can they
read Denninger’s market ticker blog and weep for the actual banking exposure that is hidden in this rotten pile of financial system crap