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While you have a point... it's complicated. Selective defaults are already common for companies, so there could be a chance (to emphasise, a miniscule but still
by zinekeller 5y ago
While you have a point... it's complicated. Selective defaults are already common for companies, so there could be a chance (to emphasise, a miniscule but still-existing chance) that it'll default on this bond while still guaranteeing the value of its currency.
- dubcanada 5y agoI mean it’s safe to say if the government is going to default on a 10k loan there are bigger issues.
- hirako2000 5y agoYes. But these bigger issues, while taking down more than the currency with it do leave certain investment opportunities safe. E.g gold which would likely see opposite trend in value. Perhaps also crypto, cultivable land etc. The refusal to accept governments can (and often have in history) will only make it worse for people when it happens.