/biz/ - Business & Finance

>>53489246
The debt clock automatically starts counting back from two weeks

>>53489252
I'm talking about people with mortgages for example

How tf would the US default when they can just keep printing more money?

>>53489246
>>53489264
>What happens to dollar-denominated debt if the us defaults?
Nothing. "Default" only means that the government is not paying shit to others.
>>53489264
>I'm talking about people with mortgages for example
The government still has the power to beat the crap out of regular citizens, so they will have to pay.

the default is technically impossible because the fed will just buy whatever bonds the treasury shits out to pay old creditors
if you think that sounds like a brc20 ponzi, it's because it is

people think that's better than a default, but it isn't
the amount of credit that negative rates enable is ludicrous, think quatrillions of dollars, no trillions

>>53489420

America can never default, cause they'll just print more money.

>>53489246
Defaulting only means that the gov can't fully pay its obligations. Perhaps you're thinking of a currency reform that could follow any form of gov collapse or a massive crisis, in that case look what happened in Weimar Republic (1923?) and post-WW2 Germany (1948?). Summary: private debt is transferred into the new currency 1:1, while your assets (at the bank, or based on the old currency) were transferred 10:1. Or something like that.

>>53489264
in that case peoples mortgage rates would drop every two weeks

defaulting on nation debt has worked 100% of the time

>>53489246
They won't default.

>>53489246
A massive interest spike and devaluation of treasuries and bonds. Picture /biz/ full of pink wojaks, but from treasury holders this time.

>>53489273
>>53489459
So explain this then: if they print their own money, how can they be in debt in the first place?

>>53490359

Cause it's printed n then purchased n other countries get USD in interest to which they can buy things with USD. Since USD is the one all be all, it's highly sought after.

>>53490462
National debt is defined by foreigners buying printed dollars. Is that what you're tying to say, anon?

>>53489957
No, they'll just leave it to the last minute like last time and fuck you all over anyway.

>>53490714

https://www.investopedia.com/articles/investing/040115/reasons-why-china-buys-us-treasury-bonds.asp

Humans, like most mammals, understands power.

Nothing will happen to the dollar as long as the US remains the number 1 army in the world and will flex on any countries willing to challenge their precious fiat. (Lybia)

Don't overthink.

>>53490928
>US remains the number 1 army

>>53490939
Anyone else

>>53489246
Usa will never default, dummy. The entire purpose of mmt and central banks being last buyer of bonds is to prevent default. Countries will never default. Devaluation is guaranteed to occur. What do you think one of the reasons brics are forming? They are tired of being given devalued usd for their hard assets. Usa can and will always print.

>>53490714
>>53490837
and the only way out for them is to crash it. someone's going to be pissed.

>>53489246
For govt it gets deleted. For everyone else it gets transfered to whatever new currancy

>>53490991
then what do they want for their assets? The rmb? lmao

>>53490939
>can’t even beat Ukraine
The U.S. would been in the capital in half a day

>>53489473
>Summary: private debt is transferred into the new currency 1:1, while your assets (at the bank, or based on the old currency) were transferred 10:1
bitcoin is pristine collateral. bang bang

>>53490928
the dollar can still nominally be the global unit of account while still being worthless. many countries are attempting to position themselves for this possible future, where everyone is still using dollars as a measure of value but the actual valuable things are not dollars

>>53489420
That is what Austrian economists call a “soft default” and it happens every time a country borrows too much. There is no “speculation”. The USD will hyperinflate within 10 years