I see no issues with the World.
But where does this money go?
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#plebchain #coffeechain #asknostr #economy #money #debt
just look at how the graph changes after 9/11...
The money is owed to everyone holding US treasuries. Foreign governments and foreign investors, with Japan and China being the largest foreign holders. The Federal Reserve Bank holds a significant portion. US banks hold them on their balance sheets. Pension funds and retirement accounts collectively hold the largest portion I think. So if they default and reprice this debt it vaporizes everyone's pension.
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What if they take on more debt to pay their interest payments on their old debt? 🙄
