What if the US is unable to sell treasuries?

[noob_trad3r]

Would the US govt come to a halt and have to issue IOUs like california instead of more dollarbills printed?

How would this effect the markets and the average joe

 

[jueco2005]

That will be the day the system collapses. By then...........the only thing made in the usa would be "paper dollars".

 

[bevo96]

Bullish!

 

[Specterx]

Make the interest rate high enough and they'll sell, if you could buy US govt debt yielding 6-7% right now, wouldn't you jump on it?

Of course, that would have dire consequences for the budget...

 

[noob_trad3r]

Would that mean stores would no longer take dollars?

 

[Halal Burger]

America would turn into the film trilogy "Mad Max"

 

[Roman Candle]

Quote from Specterx:

Make the interest rate high enough and they'll sell, if you could buy US govt debt yielding 6-7% right now, wouldn't you jump on it?

Of course, that would have dire consequences for the budget...

But then know one would invest in the ponzi, I mean stock market.

 

[cstfx]

Quote from Roman Candle:

But then know one would invest in the ponzi, I mean stock market.

Some people could say that was the plan from the start, to replace private capital with public debt.

 

[just21]

Introduce a 10% federal sales tax on everything and issue retirement visas to foreigners buying an empty house will solve all the US problems and they will queuing up to buy tbonds.

 

[just21]

A www.landvaluetax.org would help as well.