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13:32
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Originally posted by nammuldi
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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.
