100 year zero coupon bonds would allow deficit reduction from interest expenses ON PAPER. This is currently a $100B+/month expense. $1.2T/year, more than official US defense budget.
Only corruption can cause someone extorted sufficiently to fake stupidity in accepting submission to accepting an untradeable zero coupon 100 year bond. US declaring insolvency and cancelling debt 99 years from now or earlier is a 100% certainty. The concept that US alliance to its colonies is guaranteed for 100 years is a further absurdity.
Converting each $1T in debt this way to $100T “fair value” would not only raise US debt to GDP ratio from 135% to 13500%, although because of certain default necessity, it is actually a $1T loss for debt holders.
The most evil plan in history of US empire!
100 year zero coupon bonds would allow deficit reduction from interest expenses ON PAPER. This is currently a $100B+/month expense. $1.2T/year, more than official US defense budget.
Only corruption can cause someone extorted sufficiently to fake stupidity in accepting submission to accepting an untradeable zero coupon 100 year bond. US declaring insolvency and cancelling debt 99 years from now or earlier is a 100% certainty. The concept that US alliance to its colonies is guaranteed for 100 years is a further absurdity.
Converting each $1T in debt this way to $100T “fair value” would not only raise US debt to GDP ratio from 135% to 13500%, although because of certain default necessity, it is actually a $1T loss for debt holders.