Post #68335 by marco100 on the US Policy board

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No, you are that stupid.

You don't get it.

At all.

If Europeans are holding $8 Trillion worth of U.S. government debt, and they "drive up" the cost for the U.S. to borrow more (i.e. drive up the necessary interest rate payable on the bonds), they are simultaneously DRIVING DOWN the value of the $8 Trillion of debt they already hold.

So that ain't happening.

Ever.

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