Fed will continue to keep wallstreet HA:) :) YYYY

It is called being the reserve currency. That is why. Not sure if you want to know the answer though

 

And do you know why the US has never ever ever ever ever defaulted on its debt??????????????????

 

Because the Federal Reserve keeps lending the US government money, AT INTEREST IT CANNOT PAY, which perpetuates the debt cycle. Gimme' my cookie.

 

That's actually good, gives us a chance to get out before things crash.

 

Then why do we pay taxes? Just have the govt fund it.

 

That's one reason yes, and a simple way other countries can follow....

There's another reason why we haven't defaulted as well......

 

Wait, let me guess the answer you are looking for, knowing your disdain for the man...

 

Ahem .......... give me a box of cookies.

When Did The U.S. Last Default On Treasury Bonds?

 

Yes, because of the faith in the US government to repay its debt. There were many examples in the past where the US government ran a fiscal surplus. Might not happen anytime soon with the out of control spiraling debt load thought.

 

Not true really. It just did not raise the debt ceiling. Same as in 2013. But not a default on its existing debt.

https://www.thebalance.com/u-s-debt...2013, Congress,the federal government to have.

Here another example why the US will most likely never default on its own debt.

https://www.google.com/amp/s/ca.fin...will-never-default-on-its-debt-185105213.html