Bloomberg actually wants to sell us German government bonds as an alternative collateral to USTs. Madness! #EU #germany #debtcrisis 
Discussion
What possible reason could they be thinking for why people should want these?
Same reason people want US bonds.
#EU is going to rearm to equivalent of #US; #German industry shall be key in that, as usual in Europe.
Once done, EU shall be as sovereign and independent as the US, with a larger population and #GDP, which is already comparable to #China.
There is demand for USD because it's the world reserve currency. And US bonds aren't really in demand nowadays. Germany is in decline. How do you suppose they are going to pay for their rearmament?
The same way Americans pay for their weapons production for more than 50 years since they last defaulted on their reserve currency on 1971.
If you haven't heard, the efforts to abandon USD as reserve currency are accelerating since Russian sovereign funds were stolen in the West and Trump started the trade war.
That's why central banks are buying so much gold again.
Nothing prevents the EURO from becoming the next reserve currency, since Bretton Woods agreement on USD as reserve currency was scrapped in 1971.
Laws against deficit spending in EU can just as easily be suspended because of "national emergency", " Putin, Russia... " et cetera.
You're really talking about the Euro?🤣🤣
There's even crazier precedent from late 1970s, when #Warshington gangsterment sold #USTreasury #bonds denominated on #German Marks and #Swiss Francs #CHF:
Hahahaha 😆 I never knew they were on the comedy business. I should visit them more often.
I think the date isn’t correct on the screenshot… should’ve been April 1st 😂