3 ms·
International obligations, where governed by US law, get placed on hold too. Ideally, other countries join in the regime. If not, you're just talking about a mu
by wegs 7y ago
International obligations, where governed by US law, get placed on hold too. Ideally, other countries join in the regime. If not, you're just talking about a much smaller amount of debt (US debt held under foreign jurisdictions).
Mortgage-backed securities generate no income for a couple of months.
- im3w1l 7y agoIf you stop paying other countries, the goods stop flowing. Or are you going to swing the military dick around to force people to give you stuff for free?
- op00to 7y agoNope. The world floats on net terms. Companies extend terms frequently. Doing so is not as big of a deal as you are making this out to be.