What if US defaults?

[yoda123]

4 minutes ago, Arrogant_champ said:

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.

true ...

in addition

some how china will never over take the US ...

2. if India tries to overtake ... again india may break like USSR

[Arrogant_champ]

3 minutes ago, yoda123 said:

true ...

in addition

some how china will never over take the US ...

2. if India tries to overtake ... again india may break like USSR

If that happens I propose USSI (United States of South India)... just kidding... tamil will f.uck it up

[Manishican]

1 hour 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 !!

I doubt this. Obama agreed to whatever Republicans asked in 2011.

https://en.m.wikipedia.org/wiki/2011_United_States_debt-ceiling_crisis

[yoda123]

1 hour ago, Manishican said:

I doubt this. Obama agreed to whatever Republicans asked in 2011.

https://en.m.wikipedia.org/wiki/2011_United_States_debt-ceiling_crisis

there are many many ways US controls the world economy in its own terms ...

innovation, services, technology, - and weapons and war ...

it won't let other countries to take over in any sector ... if it won't serve the cause of USA...

eve the covid vaccine at a chepaer rate to India was a bitter pill to US pharma companies ...

[pakeer_saab]

4 hours ago, yoda123 said:

true ...

in addition

some how china will never over take the US ...

2. if India tries to overtake ... again india may break like USSR

there is more possibility of US and China breaking up before India does 

[pakeer_saab]

4 hours ago, Manishican said:

I doubt this. Obama agreed to whatever Republicans asked in 2011.

https://en.m.wikipedia.org/wiki/2011_United_States_debt-ceiling_crisis

we have sleepyjoe today not obama, with the levels of damage democrats did, there is no way republicans will budge to any demands

[pakeer_saab]

7 hours ago, AndhraneedSCS said:

Can JP print money and pay all the debt?

he has been printing already through back door, Fed is a private entity held by private entities

it is not a govt agency

[Ravi860]

Definitely printing happening now with banks drama.. probably less. Look at bond and yield  market and DXY

[8pm]

6 hours ago, TexasAdda said:

Don’t leave us🥺

Sarele edvak

[Manishican]

20 minutes ago, pakeer_saab said:

we have sleepyjoe today not obama, with the levels of damage democrats did, there is no way republicans will budge to any demands

Yes chances of default atleast temporarily are very high.

[yoda123]

10 hours ago, pakeer_saab said:

there is more possibility of US and China breaking up before India does 

that’s true. 
 

breaking india appears to be an easy task … but it’s an almost impossible thing … 

as we are ingrained with unity etc