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Obama Bonds May Be the Answer as Dollar Plunges

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Serious question of debt financing- William Pesek No one seriously expects the U.S. to default on debt. Yet issuing foreign currency-denominated Treasuries could reduce the perceived risk of holding U.S. debt. 'The U.S. cannot finance its deficit by itself,' Mizuno told Asia Times Online last week. 'The U.S. financial system cannot survive without foreign investors. We will see Obama bonds in the future.'

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The us financial system.... by truthtruffle on Wednesday, Nov 26, 2008 at 2:49:58 PM
The NYSE was shut for a week by Margaret Bassett on Wednesday, Nov 26, 2008 at 5:00:42 PM