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[–] 14 points 9 months ago (9 children)

Sure. But the trillions that Europe holds will become worthless if the US defaults.

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  • [–] 4 points 9 months ago (7 children)

    Can we just add the trillions in euros to EUs bank account and tell the US they don't have to pay us back?

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  • [–] 8 points 9 months ago (6 children)

    You don't even need to add them. After all, that money doesn't physically exist. It's just an annotation on a contability book. Just erase it and the debt is no more. If the world decides to "erase" those debt annotations on their contability books, the US debt stops existing.

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  • [–] 3 points 9 months ago (2 children)

    I think this could be a potential play in a 2nd American Civil War. The EU and others can delay or restructure the debt of the Blue Union, while refusing to do any sort of trade with the Red Confederacy.

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