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

Started 6 months ago | Discussions thread
Wheatfield
Senior MemberPosts: 6,297
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Re: What's the worst that could happen if the US defaults?
In reply to jonrobertp, 6 months ago

jonrobertp wrote:

All they are doing in Washington is kicking the can down the road. It will catch up someday..maybe sooner than later. Look at other countries with collapsed currencies in history...Germany after WW2, Vietnam...they all took a fair while to recover...ball park 15-30 years ? And what lessons were learnt from history ? donno...but real estate, gold, moving to another country come to mind.

You do realize that both the countries you mentioned were bombed flat, which will tend to have a deleterious effect on a country's economy.

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