What if US defaults?

[Manishican]

https://www.schroders.com/en-gb/uk/institutional/insights/thinking-the-unthinkable-what-if-the-us-defaults-/

[kiran1012]

GP

[pakeer_saab]

7 minutes ago, Manishican said:

https://www.schroders.com/en-gb/uk/institutional/insights/thinking-the-unthinkable-what-if-the-us-defaults-/

interest rates for US Gov will rise to such a level that they have to run a budget just for paying interest on past borrowings

[Anta Assamey]

[AndhraneedSCS]

25 minutes ago, pakeer_saab said:

interest rates for US Gov will rise to such a level that they have to run a budget just for paying interest on past borrowings

Can JP print money and pay all the debt?

[Ryzen_renoir]

Routine drama every year 

[Manishican]

49 minutes ago, Ryzen_renoir said:

Routine drama every year 

But this time it might be very difficult as house speaker doesn't have much power 

[csrcsr]

1 hour ago, pakeer_saab said:

interest rates for US Gov will rise to such a level that they have to run a budget just for paying interest on past borrowings

Atla byapetaku anna

[TexasAdda]

18 minutes ago, csrcsr said:

Atla byapetaku anna

Don’t leave us🥺

[yoda123]

https://finance.yahoo.com/news/warren-buffett-explains-the-simple-reason-why-the-us-will-never-default-on-its-debt-185105213.html

 

US will never default the debt ....  as it is the one that 'produces' (not prints) the money in the world ...

the buck starts from here .. the buck stops here ...  in US !!!

get this sink in !!

[yoda123]

 

[yoda123]

 

[Arrogant_champ]

36 minutes ago, yoda123 said:

https://finance.yahoo.com/news/warren-buffett-explains-the-simple-reason-why-the-us-will-never-default-on-its-debt-185105213.html

 

US will never default the debt ....  as it is the one that 'produces' (not prints) the money in the world ...

the buck starts from here .. the buck stops here ...  in US !!!

get this sink in !!

As long as IMF and world bank exists no issue to USA.

[yoda123]

4 minutes ago, Arrogant_champ said:

As long as IMF and world bank exists no issue to USA.

true ..

and power of imf comes from army and CIA ...

it is very common lot of CIA people work in IMF and vice cersa ...

[Arrogant_champ]

4 minutes ago, yoda123 said:

true ..

and power of imf comes from army and CIA ...

it is very common lot of CIA people work in IMF and vice cersa ...

If it really comes to dollar has been highly devalued (which doesn't happen), they will ruin a country probably UK or Japan, dollar rises again.