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dartharvatoday at 6:09 AM5 repliesview on HN

They'll bail them out with what money? US is already almost $40T in debt, how do you think the bond market would react if another $2T were abruptly added to it?


Replies

King-Aarontoday at 7:37 AM

Look at how the pentagon is funded. Trillions get poured in with zero accountability, dark projects that never get disclosed at all, and audits that never pass.

When it comes to military level stuff, it seems to exist outside of normal financial logic. They just invent money for it.

laughing_mantoday at 8:01 AM

Here's the thing about debt, though: If your debt is denominated in your own sovereign currency, you can just print more when you run out of money.

tmp10423288442today at 7:09 AM

Seemed fine with adding that much during Covid

hdgvhicvtoday at 8:02 AM

Just have to suck it up. Otherwise they won’t see that 40t.

bakiestoday at 11:55 AM

... Nothing happens? They're not correlated at all. We've added 35T since 2000 and yield were all over and we're at the same spot as then