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I have a question 🤔💭 Theory 😲💡

posted 1 year ago by brain_dead 1 year ago by brain_dead +48 / -0

I am a brain dead, so I have a question for you smart people.

Let's assume that the debt ceiling talk cannot be resolved and we as a country default on our debt.

What happened then? Who are these debtors? What will they repo?

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– brain_dead [S] 1 point 1 year ago +1 / -0

Oh so the bonds are worthless. I understand. I don't have bonds any way. Those holding cd would probably sol also.

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