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Given that a US default would likely cause the collapse of the US financial system and possibly the entire world's financial system, it makes perfect sense to t
by samclearman 11y ago
Given that a US default would likely cause the collapse of the US financial system and possibly the entire world's financial system, it makes perfect sense to trust the US government's credit over that of any bank.
- jonknee 11y agoAnd the US Government has a big advantage over banks--they can print more USD.
- jsprogrammer 11y agoBanks can 'print' more USD so long as they find a counter-party.
- jonknee 11y agoIf you own the bonds you are the counter party.