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Power balance (lemmy.ca)

submitted 2 days ago by RelativityRanger@lemmy.ca to c/politicalmemes@lemmy.ca

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[–] kent_eh@lemmy.ca 1 points 8 hours ago

but they are bound to pay the specified amount on the specified date.

And since most institutional holders of US bonds will have a portfolio with bonds coming due on a regular and ongoing basis, it's not that hard for them to gradually divest while forcing the US treasury to cash out.

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