Hi Stefanis,
How they will default is that if congress doesn't pass a law to allow the debt ceiling to be raised currently 14.3 trillion, then they won't be able to meet interest payments so they default.
Sure they then can print money, what I call "counterfiat"
but that will have consquences!
here is a interesting link to back what I have just said.
http://www.usdebtclock.org/
operating margins and profits , page-22
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