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Author Topic: What if the US defaults?  (Read 541 times)

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Offline serbian army

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What if the US defaults?
« on: October 10, 2013, 11:47:57 PM »
Is this a good thing? We would no longer borrow so much...Or will this mean-financial collapse? Maybe the end of dollar?
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Offline briann

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Re: What if the US defaults?
« Reply #1 on: October 11, 2013, 12:22:14 PM »
The US wouldn't default unless all other options were exhausted...  It will be a very slow process.... kinda like a person who has maxed out all their credit cards... and is trying to bum money off every friend and relative they can find.... so I would give it about 15-20 years.... and when it happens.....  catastrophe is an understatement.

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