>Its really quite illogical to talk of the US defaulting on debt, its almost like discussing the end of the world in 2012 IMO.
Stefanis,
A default may or may not happen. One thing that I do know is that the Gold price must rise higher to counteract these issues.
If the price of Gold rose high enough then the US could pay off a substantial amount of debt with their Gold.
Interesting times ahead.