Speaker

Evidence Quote

“there was a white paper uh discussing that, talking about doing it to foreigners that hold US Treasury debt. This is back in in the fourth quarter of 2024. And I don't even know if that's it's possible to do that, because I'm not I think foreigners can hide behind other entities. I think it's hard to know exactly who's a foreign holder. But it it just suggested literally that, extending the maturity and dropping the coupon. And obviously, that would be a disaster for the long-term Treasury bond market. I mean, but maybe that's the solution. Maybe maybe when these bonds drop 50, 60, 70 points overnight because of the restructuring, maybe no one will lend us money anymore.”

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