The Fed's Role in the National Debt Crisis

The only collateral is their ability to go out and borrow more money from an even greater fool than you well that's exactly what the US government does every time you know it borrows money. All treasuries really are our future payments of US dollars so it's a rating on the currency that's again that's really what's being rated not the bond but the currency. People need to get out of all dollar-dodominated debt as quickly as they can because inflation will destroy everyone who has ever borrowed in U.S. dollars. You don't want to tie your money up for 30 years to get zero return with interest rates at 7.4 people cannot afford to pay these prices