That's assuming the assets still have significant value and the bank has the expertise to liquidate.
But exactly how does this apply to US bond holders? They're not going to liquidate US government assets. The worst they can do is refuse to lend any more money; ruining our economy and probably theirs, too. Not a viable option in most cases.
Or the more likely case as is typical - demand greater returns for reduced true value and increased perceived risk.
Go look at what happens to the cost of our debt service as rates return to historical levels and what percentage of annual revenues that represents. At the same time as we have our hands full with obligations (in a financial sense) to an aging population as it is.
Just take a look at what they did in the 1960s. With the economy booming the leftists created trillions of dollars of deficits with their Medicare and Medicaid programs.Hence, of course, $5.5 trillion in borrowing during their presidency.
It's really just about paying off the people who vote for them.
Following the financial crisis of 2008-9, Britain was forced to implement harsh austerity measures in an attempt to reduce its deficit and increase economic growth. But there is anger that while many famillies are struggling to make ends meet, bailed-out bankers continue to be awarded huge bonuses.
Slickdeals is able to share the best deals because of the contributions of users like you! If you found a great deal,
please share it with others by posting in our forums.
Welcome to Slickdeals!
Save money here by finding the lowest and cheapest price, best deals and bargains, and hot coupons. We're all about
community driven bargain hunting with thousands of free discounts, promo codes, reviews and price comparisons.
Don't worry, we'll help you find your way. If you haven't already, check out this
that explains the features of our site.