Wow, I had to look that one up. Had never heard of it.
This looks promising. I’m in Ireland - we’re always the last to get these (too small a country!)
One to keep an eye on - thanks for that.
I wish Europe had its own payment system (that’s widely accepted). There are a few, but tend to be only at a national level.
But it’s even worse than that. The US has to rollover about 9 trillion of debt in 2025. Someone has to buy these bonds and if Japan or China are reluctant, it likely means higher interest rates to be offered in order to secure the sale.
https://finbold.com/9-trillion-of-us-debt-will-mature-in-2025-should-investors-be-worried/
Israel is a rogue nation. Boycott, divest and sanction. The only thing that works.