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2 days agoA trump never pays his debts.
What “a trump” does is not important, even the shittiest demagogues out there still rarely default on treasury and public debt like this. What’s way more likely is that they’ll fuck up the entire economy to pay off these debts, and use that as an excuse to cut the tiniest amount of public services and social welfare they accomplished in the last 20 years.
A default on public debt would impact Trump personally. On those matters you can bet that he works hard to cover his ass.
If USD is devalued over time we’ll make bank in other ways, so not concerned about that. What’s more likely is higher inflation would demand higher bond yields, which means bonds are cheaper and Canada should buy even more of them. It does mean that current bonds lose value but if we hold them to term doesn’t matter much