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If you have $5 million why do you need it in demand accounts? Treasuries (notes, etc) are backed by the full faith and credit of the USG and are available in e
by bradleyjg 4y ago
If you have $5 million why do you need it in demand accounts?
Treasuries (notes, etc) are backed by the full faith and credit of the USG and are available in effectively unlimited amounts.
- Terretta 4y agoAbout that 'full faith and credit' thing ... you have to have full faith in congress to give that credit. https://www.cnbc.com/2023/01/13/us-will-hit-its-debt-limit-thursday-start-taking-steps-to-avoid-default-yellen-warns-congress.html https://www.cnbc.com/2023/01/13/us-will-hit-its-debt-limit-t...
- akiselev 4y agoThankfully, worshipping at the altar of the US Dollar is the only unshakably bipartisan activity in US politics.
- incrudible 4y agoThe value of your treasuries will tank if interest rates rise. If you held cash, you could take advantage of that situation.