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nah, stephen miran doesn't want us to default on US debt. Instead, the goal is to devalue the US dollar to reduce the cost of debt service (with the convenient
by Centigonal 1y ago
nah, stephen miran doesn't want us to default on US debt. Instead, the goal is to devalue the US dollar to reduce the cost of debt service (with the convenient side effect of reducing real incomes while maintaining the wealth of asset holders).
see: https://www.hudsonbaycapital.com/documents/FG/hudsonbay/research/638199_A_Users_Guide_to_Restructuring_the_Global_Trading_System.pdf https://www.hudsonbaycapital.com/documents/FG/hudsonbay/rese...
- jqpabc123 1y agodevalue the US dollar to reduce the cost of debt service The only way to service the debt --- is by selling more debt. Which will become increasingly difficult to do --- which leads to default.