Quote:
Originally Posted by PorscheA
As an outsider... ....
This is the US economy end game and it's perfect. The world will be helpless to a US default. 14 Trillion? Who cares?!
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It's probably closer to 17T now, but as an "insider", I can answer that...the USA does....WE (citizens) hold the vast majority of that debt. The central bank simply comes with the territory imo. I'm certainly not a banker, but worked for two of the largest in the first half of my IT career. It's kind of overwhelming to think of the trillions that flow through these banking systems each and every day, and we are critical to the world wide economies and financial infrastructure. Just throwing out another perspective...this is an interesting thread imo...thanks for starting it!