alt Hacker NewsIt's not a lot. Multiple countries could offload hundreds of billions and the U.S. Treasury would buy them up immediately (and probably ask the Federal Reserve for some help the next day)
I can't find the program name at the moment, but the Treasury plans for situations like this regularly.
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mythical_39 • yesterday at 3:58 PM
So if the Treasury is the only entity buying treasuries, what is the USD worth at your local grocery store?
how about at the companies that supply that grocery store?
and so on up the chain.
luke5441 • yesterday at 3:51 PM
The FED can print as much money as it wants. Defaulting this way on US debt won't make the US a more desirable debtor nation.
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> the Treasury plans for situations like this regularly.
For attacking allies?
I know that’s not what you meant but we must be pushing up against scenarios that haven’t been considered possible.