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Anyone? And why? It certainly wouldn't be the end of the U.S., as Argentina is still alive, after having defaulted 8 other times, and they always seem to find suckers to buy their junk bonds!
Anyone can think of some of the biggest pluses and minuses to this happening? Would we, perhaps, end up losing an island, or 2, in Hawaii, or Alaska, to the Chinese, as a result of it?
And what kind of austerity measures (some for the good of the country?) might we be facing, as a result of it, and which austerity measures would you favor?
This has never been a big worry of mine. For sure, we'd probably be forgiven for the first time we did it, and the 2nd time, perhaps not so forgiving?
Anyone? And why? It certainly wouldn't be the end of the U.S., as Argentina is still alive, after having defaulted 8 other times!
Anyone can think of some of the biggest pluses and minuses to this happening? Would we, perhaps, end up losing an island, or 2, in Hawaii, or Alaska, to the Chinese, as a result of it?
And what kind of austerity measures (some for the good of the country?) might we be facing, as a result of it?
This has never been a big worry of mine. For sure, we'd probably be forgiven for the first time we did it, and the 2nd time, perhaps not so forgiving?
UMMMMMM, why and how would the USA default?????????
Can't the USA always pay-off our debtors with the UNLIMITED dollars that
can be printed/electronically-allocated at will????????????????
When someone is owed money by the USA, they are going to get DOLLARS as payment....not silver, not gold, not priceless art, not property.................US DOLLARS IS THEIR REIMBURSEMENT!
Anyone? And why? It certainly wouldn't be the end of the U.S., as Argentina is still alive, after having defaulted 8 other times, and they always seem to find suckers to buy their junk bonds!
Anyone can think of some of the biggest pluses and minuses to this happening? Would we, perhaps, end up losing an island, or 2, in Hawaii, or Alaska, to the Chinese, as a result of it?
And what kind of austerity measures (some for the good of the country?) might we be facing, as a result of it, and which austerity measures would you favor?
This has never been a big worry of mine. For sure, we'd probably be forgiven for the first time we did it, and the 2nd time, perhaps not so forgiving?
We can't default. All we have to do is hand them a check. Our debts are valued in our money. So we can't default. Not at the federal level anyway.
We can always guarantee payment. We just cannot guarantee the value of those payments.
Quote:
This has never been a big worry of mine. For sure, we'd probably be forgiven
for the first time we did it, and the 2nd time, perhaps not so forgiving?
What are they going to do? Invade the U.s mainland?
American hegemony is based on the petro-dollar being the reserve currency. Any attack on the dollar is an attack on the U.s military.
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