• UnderpantsWeevil@lemmy.world
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    7 hours ago

    It would tank the value

    Temporarily, and not nearly as much as you’d guess.

    The appetite for treasuries vastly outstrips the supply.

    • CeeBee_Eh@lemmy.world
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      6 hours ago

      That’s the traditional viewpoint, sure. But as each day goes by the rest of the world is looking for more ways to circumvent or outright cut out trade and reliance with the US.

      There’s a reason why 5 years ago BRICS was kindof a joke, but today it’s taken very seriously.