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In reply to the discussion: Japan ain't playing. Trump threatened them with tarriffs and now they are offloading their US treasury bonds. Ooops [View all]SnoopDog
(2,664 posts)24. US Treasuries represent the money the US Gov has borrowed - $36 Trillion
This occurs when the Republican Party gives tax cuts to the wealthy without paying for them. The $36 Trillion is also the amount of cash that the Wealthy were allowed to keep.
If Japan, other countries, and regular investors decide to cash in those Treasuries - the USA would be insolvent. Why? Because we could not pay back $36T.
You will see a run on cashing in those Treasuries - investors getting their money back before there is no more USA.
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Japan ain't playing. Trump threatened them with tarriffs and now they are offloading their US treasury bonds. Ooops [View all]
Swede
Monday
OP
Nobody in their right mind would have a business relationship with TCF. And with
RockRaven
Monday
#5
Anyone who didn't see this coming a mile away should not be running a country.
Scrivener7
Monday
#26