cnbc anchor freaked out by fabers comments , page-3

I fully agree the US is in deep doo doo - but how would it be possible for the US to default?

Their debt is in $US - when the creditors are hankering for cash payment - the US just jog out the back to the photocopier and run a few more off.

Now those bucks might be worth less or in fact worthless - but, the reality is that the debts would have been paid.

They might have buggered their whole economy by doing it, but, hey, we paid our debts?

Is this too simple please?

Pinto