The U.S. government, like so many creaky monarchies and dubious regimes in history, may be conspiring to repudiate its own debt, suggests a former vice president at the Federal Reserve Bank of Dallas.
U.S. Treasury debt obligations have long been considered the most secure and most certain of repayment in full, including interest. It's part of the reason the dollar has stayed strong, and why the United States has been able to borrow so much, so cheaply, for decades.Read More
