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DavoMagic

18,730 Posts.

59

13/02/18

13:32

Post #: 31020796
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Originally posted by nammuldi ↑

dub - so is the logical conclusion to this story is "default", or if this was not to happen is the story one of the $US no longer is the currency of choice and that maybe china's replaces it. Default by USA - i believe it has happened before?? - in this day and age it would likely be catastrophic because it is a one point black swan event, as opposed to the dollar decliing further over time to the point of loosing its primacy?? - all too pesimistic i must say but it is hard to see how it can be solved and we cannot predict the future - none of us, least of all the nobel prize winning economists and federal reserve chairmans etc etc - they believe they have and will continue to control the worlds economies and prevent any further crashes - you gotta laugh when u really analyse these statements - good article!!

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Don't think default is possible as other countries have nuclear arsenals and USA will lose law and order within USA.

More likely increase in property taxes on the likes of Gates and Bezos!!
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