It’s already not AAA. Who would buy 30 year Treasuries, at a meagre 3% yield, with half of it being financed with Fed money-printing, with the Gov’t planning 10 Trillion of deficits in 4 years, and with Medicare and Soc. Sec. moving towards insolvency?
“It’s already not AAA. Who would buy 30 year Treasuries, at a meagre 3% yield”
The Federal Reserve would, of course. By monetizing it. You know, Ron Paul used to sound crazy to me when he talked about this stuff, but they ARE doing it now!!!