re: Breakdown of to whom the US owes its $22T debt

quote:

---

What happens when the US can’t pay the interest on these bonds and people stop lending the Govt money?

---

If you own a govt bond and that govt decides they’re no longer going to honor it...what do you think that bond is worth?

Now.....consider those bonds are a part of every corporation, pension plan, bank, retirement allocation, and God knows what else’s assets. What happens if a big part of your assets get revalued significantly lower due to default risk?

But no...we need to debt jubilee.