The Bootleg Tapes: Where are fed funds if the U.S. defaults?

Where are fed funds if the U.S. defaults? with Andy Constan

[Stavros_Steve_Deriziotis]

Hugh, I’m so looking forward to this full interview! Andy is just the right person to maintain a conversation with you vs some of your other recent guests. Release it soon!

All the best, cheers!

[damrunner]

Thanks Hugh! Great things to ponder and worry about.

[winspyre]

Crash your debt, print money, buy it back 🎉🎉🎉

[crasher]

It happens every time, it is scare tactics to raise cost and tax's every year.

[goof]

so what happens to the treasuries I've been buying?

[ggttuuxx]

He hasn't really thought of this so couldn't answer the question properly. You should have warned him beforehand.

The real problem in this case are the mechanics of the bond market, where many markets are mindlessly, automatically priced off the TSY, assuming it was the "risk free" asset, whereas actually the credit spreads should negative instead, but won't.

[Houthiandtheblowfish]

the answer would be buy something that is not connected to world economically or the least dependant on

[brandonzawaski]

Likely scenario: gold drops, certain commodities pressured rise again like nat gas. As yourself what is needed most with USD and put your $ there.

[MichaelLoweAttorney]

TLT gets dumped. It’s not complicated.

[anthonyyoung]

They’ll do the same thing they always do raise taxes.
Raising taxes to pay for the military is bipartisan and incredibly popular.
Much more popular than than not raising taxes.
Especially on people like me. I’ll pay more taxes when it goes to the military. No problem.

[phantasmagoria]

Lies lies lies. End of Anglo empire acoming.. Will try with war

[bankbank]

this guy doesn't adequately answer the question at all