A Historical Memo to Donald Trump on U.S. Debt

The video discusses the history of American debt, focusing on the Civil War era and the ratification of the 14th Amendment, which protected national debt. It highlights the Public Credit Act of 1869 and its implications. The discussion then shifts to modern times, examining the stability of US Treasurys and the global financial market. The video concludes by addressing the uncertainty in financial markets, particularly in relation to the debt ceiling and fiscal cliff situations, emphasizing the importance of maintaining confidence in US financial assets.

How does the text describe the perception of US Treasurys among investors?

What concerns are raised about the stability of global financial markets?