Good thing I didn't buy any Ukrainian government bonds!
this post was submitted on 20 Nov 2024
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The debt Biden canceled was own to the US government. So this would have been good for Ukrainian bonds, as it makes them more likely to be paid back.
I propose they cancel all debts for Ukraine, Canada and Mexico, as well as all student debt and healthcare debts. Call it the have fun trump act or some crap
Plus pardon Hunter just to get Trump seething
Let's cancel all our EU debts while we're at it. And of any of our allies in Latin America. And Asia. And Africa. Hell, just keep the debts held by our enemies and rivals.
Normally I would be against such reckless policy, but fuck it, we have reckless policy incoming, we might as well get something good in along with the shit we're about to get shoveled into our mouths.
Geopolitically, what would a huge move like that do?
It would make a lot of legislators considering their budgets for the coming year very happy, I would presume. Probably also a bunch of unintended side effects, possible weakening of the dollar, diplomatic uproar from states we didn't forgive the debts of, worsening situation of our own budget, etc.
Interesting. Thank you