If Tim Geitner wants to go to jail it could.
I would have no problem at all with defaulting on such a security. If they were issued without authority, it would be exactly like a check written on my account but without my permission. Anyone stupid enough to buy it deserves what he gets (or doesn’t get), including, if he’s lucky, repayment without interest after a few years or decades of litigation.
basically, deflate the treasuries
how people cannot see this whole process as a looting of America’s financial wealth is beyond me
“Could This Really Happen?”
Sure—if the pos poser in chief says “to make it so”. After all, he won.
Many other strange things have happened: ‘quantitative easing’, selective enforcement of laws, outright ignoring other laws, ignoring court rulings at whim, taking states to court for enforcing laws when the federal government is delinquent in its own responsibility, contempt for even questioning questionable natural born citizenship. With all that, even though it’s blatant trickery (fraud?), I could see it as a possibility. Again, as someone above said, caveat emptor. Hardly a proud day for America if it happens. And more work to do later to clean up the mess.
I wouldn’t buy a US Tbill if Jesus Christ was selling them.