The U.S. needs to refinance over $7 TRILLION in debt this year. Angering its biggest creditors could make it VERY expensive for Americans.
RULE 1: Don’t piss off the people buying your debt promises.
Discussion
Parece que já "só" faltam 7 trillion, este ano.
The writing is on the wall. It’ll all move to stable coins. US will inflate BTC and the new net buyers of treasuries are going to be stable coin companies. Other countries have been net sellers since 2014. They know what game they’re playing.
RULE 2: DON'T REFINANCE UNTIL THE RATES ARE LOWER.
