TheGreatDefault

01 June, 11:35

#TheGreatDefault ?

https://twitter.com/AOCpre...

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Carole Parnell donated @MagaMutt

19 May, 11:44

lets just #TheGreatDefault now and get it over with.

11:01pm Eastern

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Johnny Five @Johnny_5

19 May, 02:36

Banks don't have control over Treasury and reserve holdings. Most banks are insolvent, collectively hold 7 trillion in treasuries assets. #TheGreatDefault would collapse most banks I imagine.

A lot of these corporations held by the funds which control the banks, rely on cheap debt (credit money), are over leveraged, are not sustainable without the this current (fraudulent) monetary system.

Also, a default would cause interest rates to skyrocket which would collapse 1 quadrillion derivatives market, and bring stock market down with it.

Supply chains would then also collapse, which we will rebuild using new tech, new financial system.

https://fred.stlouisfed.or...

Federal Debt Held by Federal Reserve Banks (FDHBFRBN) | FRED | St. Louis Fed

Graph and download economic data for Federal Debt Held by Federal Reserve Banks (FDHBFRBN) from Q1 1970 to Q4 2022 about debt, federal, banks, depository institutions, and USA.

https://fred.stlouisfed.org/series/FDHBFRBN