If the US defaults, America as an empire collapses. It could be as small a deal as a massive period of restructuring, or it could mean the death of billions and the end of modern life
It sure as hell won’t be a better world for the banks though, they’ll invent new types of math to keep the game going a little longer
It would be no different than an extra difficult government shutdown. I predict that the government would be forced to start selling off properties to run the IRS and make settlements with the banks.
If the US defaults, America as an empire collapses. It could be as small a deal as a massive period of restructuring, or it could mean the death of billions and the end of modern life
It sure as hell won’t be a better world for the banks though, they’ll invent new types of math to keep the game going a little longer
There is no America as an Empire.
It would be no different than an extra difficult government shutdown. I predict that the government would be forced to start selling off properties to run the IRS and make settlements with the banks.