Quote:
Originally Posted by Orruar
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Treasury bonds become nullified? What does that mean? Last I checked, the government still collects plenty in taxes to cover the interest on all bonds. And the Fed can just buy up any that the government can't unload on the open market (as they've been doing anyway).
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we got proly a month then the full faith and credit, what the currency is based on (what you get from bonds) of the us gov goes bye bye. the treasury bonds won't be worth but what they're printed on.