“Everyone who has a 401(k) or pensions that contains US government bonds would take a massive hit.”
31 trillion worth? But I get you. So, then let’s say the bonds are protected. What else?
“31 trillion worth? But I get you. So, then let’s say the bonds are protected. What else?”
You do realize that is what government debt is. Bonds. The government issues bonds and people give the government money in exchange for those bonds. Then at some point in the future the government redeems those bonds by paying interest and principal back to the people who bought the bonds.