A sovereign wealth fund funded by government assets appears to shift the US from issuing unsecured treasuries to issuing secured debt backed by collateral, but this creates an 'incumbrance' problem: there is a finite amount of collateral available relative to $36 trillion in debt, creating questions about what happens if collateral is exhausted or asset values decline.
causalpending
Speaker
Tracy AlowayEvidence Quote
“there's a limited amount of collateral that you can put up into a bond and at some point you start to run out of it”
Created: 8/11/2026, 6:58:13 AM
My Notes
Loading notes...