I'm only going to say this one more fucking time
The Fed is currently holding 4.5 trillion of our debt
on its balance sheet. The rest is held by foreign
governments, funds or individuals who purchased T-bills.
While I have no problem repaying the Fed in
worthless fiat, we can't fuck the other holders
of our debt.
How would China react if we bought back their 1 trillion dollars worth of
US treasuries with worthless or soon to be
worthless fiat??