You don’t even need to add them. After all, that money doesn’t physically exist. It’s just an annotation on a contability book. Just erase it and the debt is no more. If the world decides to “erase” those debt annotations on their contability books, the US debt stops existing.
I think this could be a potential play in a 2nd American Civil War. The EU and others can delay or restructure the debt of the Blue Union, while refusing to do any sort of trade with the Red Confederacy.
He owes us money because a paper says so. If we decide that paper has no value, we can simply act as if the money he owes us is ours again, since it’s just a contability annotation.
Sure. But the trillions that Europe holds will become worthless if the US defaults.
Honestly those trillions seem to be on a fast track to being worthless either way. Might as well leverage them as a loud fuck off to the USA
Can we just add the trillions in euros to EUs bank account and tell the US they don’t have to pay us back?
You don’t even need to add them. After all, that money doesn’t physically exist. It’s just an annotation on a contability book. Just erase it and the debt is no more. If the world decides to “erase” those debt annotations on their contability books, the US debt stops existing.
And no one would buy US bonds if they just cancel their debt. So their economy would collapse.
I think this could be a potential play in a 2nd American Civil War. The EU and others can delay or restructure the debt of the Blue Union, while refusing to do any sort of trade with the Red Confederacy.
But… we do want the money they owe us back right? Just not in worthless dollars.
He owes us money because a paper says so. If we decide that paper has no value, we can simply act as if the money he owes us is ours again, since it’s just a contability annotation.