Loading ...Stockman is partially right except that default is not the only option Trump has. He can tell the Bondholders …”ya see those 5 year Bonds ya Got ..they are now 10 year Bonds ..and those Ten year Bonds Ya got there now 20 year Bonds ..ya money is safe ..ya just got to wait a little longer to get PAID…Its the secondary market that going to get hit as they mark the Bonds to Market and price takes into account the longer wait period and DISCOUNTS the Bonds in the resale Market to reflect the current price of a future payment thats further out into the Future ……InThe immediate budget Trump is going to allocate who gets paid with the available cash first and the rest will wait in line reflecting the same scenario as the Bond Market ..We owe it to ya ..ya just have to wait to get paid a little longer ..in the meantime we will give you some script (IOU)or food stamps to help ya through.Then ya Foreign Bondholders who threaten us ..remember we have the biggest MILITARY in the World ,so ya better accept the new terms.! So YA call this Government a Casino …yeah just remember Trump ran Casino ‘s he knows all about the Casino business and when to and how to get out of it….He is uniquely qualified to be President at this time in History. You debt holders guess what..when we get invited to have a creditors meeting ….when we leave the creditors meeting you will give the US more credit or you will never get paid …so think about how draconion ya want to make the terms before yo go down that Path ! When we owe you a billion we got a problem ,when we owe you 20 Trilliion you got a problem…
I been there …done that …at a creditors meeting in 1969 ..I know what Trumps options are …I got PAID ! The little guys will get paid first so they dont rock the BOAT and crash the deal ..ITS the BIG guys that have to make a DEAL and wait for their money ! I repeat I got PAID as I threatened the BIG guys at the creditors meeting Ill throw the whole thing into Bankruptsy if I dont get paid ( a small creditor) ..they all agreed and I got PAID. Eventually everybody got PAID ….They had to keep them in business to get paid….the big guys just had to wait a little longer.. Trumps been there done that ! I know what he’s thinking ! A DEAL !