Perhaps they could give a few of these coins to the Chinese as payment of the debt. I’m sure that would work just fine. Not.
The Chinese, having put dollars of value into treasuries will not be pleased. The only one who has bought worthless securities with worthless dollars is the Fed.
This absurdity should have DumBO’s face on one side and his turd on the other, so, anyone receiving it will be dumped on.
“Perhaps they could give a few of these coins to the Chinese as payment of the debt. I’m sure that would work just fine. Not.”
The Chinese have stopped buying our debt. That’s the real reason the Fed is printing money to buy Treasury debt. If the Fed wasn’t buying, interest rates would be soaring.