The scale of U.S. Treasury bonds maturing this year in the United States has reached as high as $7.8 trillion, coinciding with the U.S. Treasury's budget deficit climbing this year, it can be said that there is simply no money to repay.

However, just when we all thought the United States was going bankrupt, they managed to solve this problem effortlessly with just one move, which is quite frustrating.

The way the United States resolves maturing Treasury bonds is very simple, which is to use the method of debt exchange, replacing the maturing Treasury bonds in the hands of clients with longer-term Treasury bonds.

It has to be said that this move by the Americans caught everyone off guard, leaving me, who had brought a stool and bought melon seeds, completely confused.

The U.S. debt exchange plan is executed by the U.S. Treasury, and they are preparing to use tens of billions of dollars as operational funds to repurchase maturing Treasury bonds.

The maturing Treasury bonds in the United States are as high as $7.8 trillion, and it is simply impossible for them to repurchase all the maturing Treasury bonds with only tens of billions of dollars.

So they have formulated a plan, which is to purchase a portion of the maturing Treasury bonds first according to the amount of funds available, then issue corresponding new debt to get the money back, and continue to purchase, repeating this cycle.

Everyone should see clearly now, their method is very simple and crude, just by using the method of repurchasing how much old debt, and then issuing how much new U.S. debt, it is possible to eliminate maturing Treasury bonds.

It is really admirable.

Moreover, I also need to know that the tens of billions of dollars used by the U.S. Treasury for operations are still raised by borrowing from all sides.One can only say that Americans have a good head on their shoulders.

Faced with such divine operations by the U.S. Treasury, some might ask, "Will the market approve of such shameless behavior?" or "Everyone is not foolish; who would allow them to do this?"

In response, I can only say that the market will indeed approve, and most holders of U.S. Treasury bonds will also cooperate with the United States in doing so.

This is because most U.S. Treasury bonds are held by large American institutions, such as American pension funds.

These large institutions need to combat inflation, so they rely heavily on U.S. Treasury bonds. It can be said that the collapse of U.S. Treasury bonds would be of no benefit to them; they must maintain the credibility of U.S. Treasury bonds.

Therefore, those institutions in the United States that hold a large amount of U.S. Treasury bonds will be willing to cooperate with the operations of the U.S. Treasury, allowing the U.S. Treasury to take new U.S. Treasury bonds in exchange for the ones they hold that are about to mature.

In fact, doing so does not cause any loss to those large American institutions, because even after they get back the principal of the matured U.S. Treasury bonds, they will continue to purchase new U.S. Treasury bonds.

As for the U.S. Treasury bonds held by foreign institutions and individual retail investors that are about to mature, the U.S. Treasury has no intention of "forcing a purchase," because overall, the amount of U.S. Treasury bonds they hold that are about to mature is not a significant proportion of the total amount of U.S. Treasury bonds that are about to mature.

Of course, if the U.S. Treasury were to "forcefully" exchange new U.S. Treasury bonds with them for matured U.S. Treasury bonds, there would be no objections, after all, most of the countries that currently hold a large amount of U.S. Treasury bonds are "little brothers" of the United States.

Moreover, speaking from the perspective that they cannot do without American protection, they also do not wish for the United States to fall. Therefore, if the United States really wants to do this, they can only cooperate obediently.The United States is set to issue 5-year and 10-year Treasury bonds in May. The recent announcement of the "Treasury Bond Buyback Program" is essentially aimed at removing obstacles for the issuance of long-term U.S. debt.

This move has largely eliminated the short-term trust crisis faced by U.S. debt. All I can say is that the Americans are indeed quite capable, as they have managed to easily resolve such a massive debt crisis.

[Statement: Personal opinion. For reference only.]