No. of Recommendations: 1
Of course Trump has no idea what that means. Facepalm.
I admit I had to look it up. Of course, the US replaced the UK, post WWI, without a war between those two. For that, I given the credit to Sec Treasury Mellon, and Sec State Hughes, because they adopted a reasonable repayment schedule for the UK's WWI debt. If the US had kept on with the extreme repayment demands Congress made, the 1920s could have been a lot bumpier.
But Trump is nearly 80. He'll go for a quick fix, that will last as long as he cares. When that "arty deal" blows up, it will be the next CEO's problem.
Steve
