Imagine, if, as Yellen said, the United States hits the debt ceiling between January 14 and 23, what extraordinary measures will the Treasury take to prevent the government from shutting down?
1. Spend cash. As of the end of December, the U.S. Treasury's cash reserves were $689 billion, enough for a few months.
2. Sell existing investments and suspend reinvestment of the Civil Service Retirement and Disability Fund and the Postal Service Retiree Health Benefits Fund.
3. Stop investing the savings fund's government securities investment fund entirely in interest-bearing securities in the United States. This money is about $320 billion, enough for one or two months.
4. Debt is used to support debt. As long as the two parties in the United States reach a consensus and Congress increases the deficit, the debt can theoretically be unlimited.
5. The worst option is to print money directly.
6. Start to build a national reserve of Bitcoin immediately, then pull#BTCto 100 million, then introduce legalized debt, and then send the Bitcoin in the hands of the government to creditors. The remaining tens of trillions of debt will be left to the next term!
How about it? Doesn’t it sound more dreamy and more in line with the style of the King of Understanding? 😏