[Alberta's Child]

If that was the basis of the credit rating process then the point would be valid. Since it's not, then there's no reason to give the U.S. anything other than the highest credit rating possible.

Are you suggesting that a U.S. treasury bill is closer to Bitcoin today than it was yesterday in terms of default risk? Hardly.

[Leaning Right]

Right now everything is rather stable. Offer me a 10 year Treasury bond at 4%, and I’ll think about it. Because that 4% is a safe 4%, and it will keep me ahead of inflation.

But how long can that stability last? Every year the U.S. government adds more and more to its debt. Eventually something has got to give. Not this year or next, but eventually.

I’d downgrade a company that was in such a position. It wouldn’t be much of a downgrade. But it would be a downgrade.