Devaluating federal debts will seriously impact the ability of the government to raise money. Nobody in his or her right mind outside the US will buy bonds anymore if they are risky, potentially worthless papers.
This is skirting close to declare American bankruptcy to international markets.
Devaluating federal debts will seriously impact the ability of the government to raise money. Nobody in his or her right mind outside the US will buy bonds anymore if they are risky, potentially worthless papers.
This is skirting close to declare American bankruptcy to international markets.
Yeah, that’s probably the point.
It wouldn’t be the first time.