> American in debt with no savings got AAA rating
> The Federal Government has tremendous assets
That's interesting, because if the crap hits the rotating blades and if the US has to sell even 10% of those assets the effects on the global economy are anything but obvious
Who can pay 10trillion dollars? What's the economical effect of such a big transaction? What if there's not enough liquidity in dollars for the purchaser? Would the US accept GBP/CNY/EUR?
That's interesting, because if the crap hits the rotating blades and if the US has to sell even 10% of those assets the effects on the global economy are anything but obvious
Who can pay 10trillion dollars? What's the economical effect of such a big transaction? What if there's not enough liquidity in dollars for the purchaser? Would the US accept GBP/CNY/EUR?