What happens when the US can’t borrow any more money?
you mean the "money" that itself, is debt?
>>543187364Have you considered trading that higher interest debt for lower interest debt?
Do you mean the US government? The US government doesn't borrow money.Congress approves a spending bill that spends to a deficit. By identity, this creates net reserves in the banking system in the amount of that deficit. Bonds are then sold to drain excess reserves in support of the central bank's interest rate target. Were the reserves to be left in the banking system they would drive the overnight interest rate down, potentially to zero.The issuer of the currency can't borrow its own currency.
>>543187252Pretty sure you can start raiding and pillaging
>>543187438But it does, that’s what QE is. It borrows the hard earned tax payer’s dollar and turns it into liquidity for Super Intelligence.
>>543187611The issuer of the currency can't borrow its own currency. It has to spend it first before anyone else has it.
>>543187655Damn that’s crazy
>>543187828>to control interest rates and manage inflationSo your own pic related is telling on you.But again -- think this through logically. What does a government accept as payment for the bonds that it issues? There is only one answer here: its own currency. That is to say, its own IOU, it's own debt. So this means that the currency has to exist independent of and prior to the issuance of any bonds.Ergo, it's not a borrowing operation. Thanks for playing. It really could not be simpler.
>>543187252the jews will seek new victims
>>543187961Okay who actively holds dollars in their treasury?
>>543187252There are many ways to solve the problem of odious debt.
