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1. mike805 (mike805@fosstodon.org)'s status on Friday, 05-May-2023 05:55:28 JST mike805

   in reply to

   • Phil Tomson 🇺🇦🌻

   @philtor it was actually higher than the eight-week in today's auction. I got the 8 😞 oh well.

   If T-bills really default (not just delayed pay, but lose your money) then nothing denominated in dollars is worth more than its heating value when you burn it.

   • Disinformation Purveyor :verified_think: (thatguyoverthere@shitposter.club)'s status on Friday, 05-May-2023 05:55:28 JST Disinformation Purveyor :verified_think:

     in reply to

     • Phil Tomson 🇺🇦🌻
     @mike805 @philtor if that happens I'm going to start a charcoal business. "Turn your USD into charcoal"
   • Phil Tomson 🇺🇦🌻 (philtor@fosstodon.org)'s status on Friday, 05-May-2023 05:55:33 JST Phil Tomson 🇺🇦🌻

     Latest US treasury auction has 4 week tbill paying almost 6%. Somebody's worried about a default in about 4 weeks.