What's the worst that could happen if the US defaults?

Started Oct 10, 2013 | Discussions thread
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Re: What's the worst that could happen if the US defaults?
In reply to Allochka Emiliana, Oct 10, 2013

Well, someone is right.  The Dollar would become worthless.  It's now worth 5 cents.  Some of you that have stocks, bonds, pensions, and for the really stupid people that have a savings account, your money will buy absolutely nothing.

Except for a few realists in Congress and Ron Paul and Paul Craig Roberts, who propose ending the Fed, pulling out of Iraq and Afghanistan, closing 95% of our overseas bases, bringing back gold and silver as a medium of exchange, eliminating waste, go to a flat tax, and.... any more ideas?

Well, guess who did this? Guess who reset the red button? The Soviet Union!

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