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Can someone tell me in which currency America needs to payback its debt?
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2013 Dec 1, 4:14pm 1,134 views 5 comments
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curious2
2013 Dec 1, 4:21pm
Generally speaking, the public debt is denominated in USD. The government may have many comparatively small miscellaneous obligations in foreign currencies, e.g. State Department contracts, but "the debt" refers usually to US Treasury obligations.
If FED prints faster pace than their interest payments then we will be debt at some point?
Generally speaking, the public debt is denominated in USD. The government may have many comparatively small miscellaneous obligations in foreign currencies, e.g. State Department contracts, but "the debt" refers usually to US Treasury obligations.
curious2
2013 Dec 1, 5:39pm
If FED prints faster pace than their interest payments then we will be debt at some point?
That question doesn't even make any sense.
What I thought was this. FED printing will cause inflation (which is bad for us because it devalues the dollar) but isn't it better to pay off the debt?
curious2 says
If FED prints faster pace than their interest payments then we will be debt at some point?
That question doesn't even make any sense.
curious2
2013 Dec 1, 5:58pm
isn't it better to pay off the debt?
Yes, but we haven't had a balanced budget since 2000.
I was wondering if we need to payback the debt in USD or in the respective currency of the creditor? Can you someone please explain this?