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The reason I thought it was notable when my brother told me that is because all the articles I've seen, including this one, imply that the only reason bonds aren't selling is just that people are nervous about the unstable situation and unreliability of the US to honor the debt. They don't mention a coordinated act of retaliation by a group of governments.

Isn't failing a business on purpose for profit a shitty but viable strategy? I've seen at least one YouTuber who explains how this stuff works but it escapes me every time so I'm wondering if anybody has insight on this.

and people would still think the Republicans are “good for the economy”

Yes it's crazy! 😜
But that's propaganda for you. People fall for it, even when the evidence is there to show otherwise.

If this ends up in the Balkanization of the US, it’s gonna be the blue coastal and some Midwest states that are actually economically productive (perhaps as some sort of related-but-technically-separate merged regional unions), and then the south + flyover states descending into 3rd world status.

And like… I’m kinda over giving a shit about confeds. Have the day you voted for.

Edit: geoeconomic idea for Canadia: invest more in US>CA>US transit routes. Make a great-circle-pathed rail line from near Seattle to VT/NH/Maine, with a spur down towards Buffalo too, perhaps.

• it’s shorter than the Cartesian “line”
• defense-in-depth is very viable for the mid-country areas, if our government decides to try to grab some Lebensraum
• can continue to support, trade, and interact with less dumb parts of the country, or whatever independent union states they become in the apres-Balkanization phase

People confuse being a dick to poor people with being "good for the economy"

Insert the meme about eggs and how previously it's the pres fault but now there's an explanation because it's thier pres.

I just heard the cost of maintaining the current debt is about $1 trillion per year!
Now with worse credit rating that price will go up, and with the bill to cut taxes the deficit will grow even faster, adding further to the cost.

Yeah you can do this. However, it's not typically profitable, as large financial institutions will bot it until the bond yields drop. The reason it's profitable here is because bankers are pricing in the (high) probability that in 30 years the US won't exist to pay out.

In prior periods this was often possible, it's called arbitrage. But now our markets are essentially automated and there's little opportunity for humans to do it.

No it needs to be on real estate in Denmark to get that kind of loan.

I'd hate to have to buy a house in USA right now. High interest rates and I'd worry about the possibility of a collapse in house prices too.

When we bought our house a few years before COVID we paid 0.5% interest on our fixed rate loan. But it wasn't long after, that you could loan to buy a house at negative rates! But those were not the fixed rates. But fun times. 😋
And yes bank accounts also had negative interest rates, but usually you were spared if you had less than $30k in the bank.