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210 sats \ 5 replies \ @siggy47 13 Nov 2023 \ parent \ on: Meta Econ Takeover Day 27 meta
Possibly. How do you see it playing out if it happens? China still holds a hell of a lot of treasuries, even though that number goes down each month. Who else?
China's the main party I'm thinking of. It just seems like they need to get creative, because there's no way to continue financing this debt and there's no will to reduce debt accumulation. Maybe that just doesn't get them far enough to be worth the fallout, plus it's a one-off remedy.
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I still wouldn't rule it out. Desperate times call for desperate measures. I know there are people who believe the Whitney Webb theory that there will be a false flag cyber attack on the international banking system that causes a complete reset, but that seems way too far fetched to me. Then again, I still have trouble believing the covid lockdowns happened.
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I agree on both counts. What seems more realistic to me is some financial regulation that requires pension funds and university trusts to hold a large share of their portfolios in treasuries. I'm sure there are other seemingly mundane strategies that can be rolled out.
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Yes. Very realistic and it would take some pressure off.
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Then they could start doing shady stuff like increasing retirement age and means testing, in order to keep more of the funds locked up.
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