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9 sats \ 1 reply \ @Undisciplined 31 Dec 2023 \ parent \ on: What are the biggest questions of 2024? oracle
Fair. I just meant it's the end of this particular debt story.
Conventional wisdom is that a US default would have the opposite effect on the dollar, since the whole "full faith and credit" thing would be severely devalued and US Treasuries would no longer be treated as "risk free" assets.
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283 sats \ 0 replies \ @faithandcredit 31 Dec 2023
Your are not wrong. However, there is no great alternative to the dollar, so it will still be the safe haven asset for most people. Hard to explain i guess, But lets see.
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