0 sats \ 3 replies \ @BlokchainB 8 Nov 2023 \ on: USA: Debt Spiral And Geopolitical Reality meta
But who gets the $1T in payments? Isn’t the majority of the bond holders domestic? Like pension funds?
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0 sats \ 2 replies \ @TomK OP 8 Nov 2023
I don't have the data at hand now as I'm literally in bed. But think of the Eurodollar market and the huge amount of treasuries floating around in the world. It's different than Japan
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0 sats \ 1 reply \ @BlokchainB 9 Nov 2023
True and tether owns T-bills too. I always ask myself if USA stops the coupon payments who gets blown up? Or does a soft default and only pays 50% of the coupon.
Might be a silly question because the whole system would collapse if USA did this
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0 sats \ 0 replies \ @TomK OP 9 Nov 2023
Nono, it's not silly. It's THE question at the moment that IMO only Jerome can answer. I think they will bow down at a point when the others are in trouble.
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