So... Every other government on the planet will buy into more debt. The District of Columbia will go into default. Leaving the U.S Treasury to issue actual backed assets... Doesn't that leave the rest of the world holding worthless paper, and still enable bonuses for bankers?
They won't default, they will just raise the debt ceiling again
Maybe?
https://greatawakening.win/p/12jccgtUEo/big-if-true-gold-backed-us-dolla/c/
Or maybe not.
So... Every other government on the planet will buy into more debt. The District of Columbia will go into default. Leaving the U.S Treasury to issue actual backed assets... Doesn't that leave the rest of the world holding worthless paper, and still enable bonuses for bankers?