Re:US Administration announces 34% tariffs on China – 20% on EU
by fspeech on Thursday April 03, 2025 @12:52AM
(#43564889)
That runs against basic financial reality. The treasuries are the basis of all U.S. liquidity. Owning commercial papers or stocks doesn't help as companies own treasuries. Putting deposits in banks won't help either because banks hold treasuries.
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Re:US Administration announces 34% tariffs on China – 20% on EU
by ggm on Thursday April 03, 2025 @03:48AM
(#43566252)
You've read up on the purported "Mar a lago" accord model? The idea is to threaten a repudiated debt, or agree to convert to long term non interest earning debt alternatives which can't be traded.
Re:US Administration announces 34% tariffs on China – 20% on EU
by fspeech on Thursday April 03, 2025 @04:33PM
(#43575015)
That's supposedly done with the agreement of the creditors. There's never paying down of national debt over an extended period of time. That's not how modern finances work. Why they feel the need of cramming down friendly creditors is beyond me.