The US would try to force foreign creditors holding long-term Treasury notes to swap them for 100-year, non-tradeable zero-coupon bonds. These bonds wouldn’t pay interest and would only be recoupable upon maturity. The plan could potentially reduce interest payments on the federal debt, but it could also make debt more expensive for the US. The move aims to weaken the US dollar, which is likely to increase inflation and interest rates.
The US would try to force foreign creditors holding long-term Treasury notes to swap them for 100-year, non-tradeable zero-coupon bonds. These bonds wouldn’t pay interest and would only be recoupable upon maturity. The plan could potentially reduce interest payments on the federal debt, but it could also make debt more expensive for the US. The move aims to weaken the US dollar, which is likely to increase inflation and interest rates.
This sounds like lipstick on a debt default.