Cash Out Portfolios, Auction Assets

The author proposes a sovereign 'bankruptcy' where the state flattens all financial claims: every stock, bond, and mortgage is converted into cash, making the government the temporary owner of all financial assets. ATMs keep working, bank balances initially stay similar, and then companies and real estate are auctioned back to the public, with mortgages becoming rents during the transition. — It pushes a concrete, if extreme, pathway to reset America’s financial system, forcing debate about property rights, legitimacy, and how to unwind administered money and debt without chaos.