Mnuchin’s Treasury Eyes 100-Year Debt, And It Means This For You

Via Birch Gold

When financial experts talk about the U.S. national debt, do your eyes glaze over? You may want to drink some coffee and pay attention, since the consequences of the national debt are unavoidable for investors. (You can ignore politics, but the government’s economic policies won’t ignore you.)

A new “debt solution” is being seriously considered by the government. Before we get to that, let’s wrap our heads around the debt crisis that is prompting this new economic idea that some think could help keep the economy on track.

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Doug Casey on 100-Year Bonds

Via Casey Research

Justin’s note: Argentina just issued a 100-year bond.

That’s not a typo. South America’s second-biggest country issued a bond that matures 100 years from now.

This is completely nuts. After all, a lot can happen over the course of a century. Not to mention, Argentina doesn’t exactly have the best credit history.

It’s defaulted on its debt seven times since it was founded in 1816. Three of those defaults happened in the last 23 years.

And yet, people lined up to buy these bonds. To make sense of all this, I called up Doug Casey. Below is a transcript of our conversation. We hope you enjoy.

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