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How does it matter to whoever is holding the treasuries? The claim is that the promise to pay the debt will not be kept.
by unmole 5y ago
How does it matter to whoever is holding the treasuries? The claim is that the promise to pay the debt will not be kept.
- Hendrikto 5y agoAgain, this comes down to how you define ”pay the debt“. To me, if you pay back your debt, you are dept-free. Re-financing (at the same interest rate) is debt-neutral, if you follow this logic.
- unmole 5y ago> To me, if you pay back your debt, you are dept-free. Graber's point is primarily about foreign holders of US debt and how this is the American empire extracting tribute from its vassals. Whether America is debt-free or not really relevant.
- Lammy 5y agoCapital itself is global and claims no Nation, so why should you and I?