US to default on foreign loans?

     

  Some leading economists this that the US will default on it's foreign loans
perhaps as early as this summer.  If that happens the value of the dollar will
fall spectacularly.  

  josejarvie@ssnet.net wrote:

  Yeah, like who?


  If that happens the value of the dollar will

Like it has over the last 8 years?

   I just checked the yields on 91 day T Bills. It's 0.15%.
182 day T Bills which takes us well into the summer are 0.35%.

   It doesn't look like the Treasury is having any problem rolling over
it's debt. Instead, it looks like people are willing to even lose a bit
of money (after paying commissions) to park their money here.

   You need to stop listening to wingnuts.

   Jeff