Comment by crooked-v
1 year ago
Because including them would cause an immediate worldwide economic crisis as everyone pulls their money from US bonds.
1 year ago
Because including them would cause an immediate worldwide economic crisis as everyone pulls their money from US bonds.
Why aren't they pre-emptively doing that?
Because Treasuries are the foundation of the global financial system, and there's basically nothing that could replace them completely.
It seems like it would be a good idea to move the global financial system off the shaky ground before it opens up into a bottomless sinkhole, but what do I know about global finances?
5 replies →