Key Points
Trump’s battleship plan clashes with decades of U.S. naval strategy and technology shifts
Experts described it as a “prestige project,” a “bomb magnet” and said that “this ship will never sail.”
Even if it were technically feasible, the cost of building the battleship would be prohibitive.
Individuals and organizations within these countries hold this debt, but they hold it as collateral against their own debts and liabilities. They hold Treasuries because of the guaranteed valuation and ROI. And you’ll be hard to find anything comparable to replace Treasuries with.
Now, should the ECB start issuing “Eurobonds” that function the same way as US Treasuries? Should the Pacific Rim organize as a regional financial block independent of the US Federal Reserve and Wall Street? Absolutely.
But simply dumping US Treasuries onto the open market doesn’t get you there.