3min chapter

Swan Signal Live - A Bitcoin Show cover image

Lawrence Lepard & James Lavish | Swan Signal Live | EP 121

Swan Signal Live - A Bitcoin Show

CHAPTER

The Risk of a Debt Ceiling

Fitch just downgraded the US debt. But then you have Treasury Secretary Janet Yellen, which is another culprit in this whole debacle. She goes out and says they're completely flawed. It's an entirely unwarranted downgrade. And then you have former Treasury Secretary, Larry Summers, comes out and says that the idea of a default on US Treasuries is absurd. So yeah, the credibility of all these people, Sam, to your last comment, I mean, it's just in the toilet. You cannot assume that you will get paid on time every single bond that you own. You just can't.

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