WWTBAM Bored

On CNBC today, Trump suggested that he would ask holders of U.S. sovereign debt to accept haircuts. The technical term for this is defaulting on debts backed by the full faith and credit of the United States.

It's unconstitutional. It's also a quick way to cash the world economy. U.S. sovereign debt is the world's safest investment. The entire global financial system is based on this truism. A default would upend the very foundations of the global financial system. --Bob

This is a foreclosure notice to everyone on Planet Earth, you have 30 days to vacate the premises.

This is gonna be YUGE!

And a bit lonely...

Bob78164 wrote:On CNBC today, Trump suggested that he would ask holders of U.S. sovereign debt to accept haircuts. The technical term for this is defaulting on debts backed by the full faith and credit of the United States.

It's unconstitutional. It's also a quick way to cash the world economy. U.S. sovereign debt is the world's safest investment. The entire global financial system is based on this truism. A default would upend the very foundations of the global financial system. --Bob

Bob, you've got your facts a bit wrong here.

What he said was that he would ask them to take part of their debt in Trump steaks. China stands to get about a billion Trump steaks over the course of his presidency.