[rbg81]

I think this is a reaction to other countries being fed out with the continual printing of the West (US, EU, UK, and Japan). Anyone outside of these countries holding these currencies is taking it in the shorts. As are savers IN these countries.

In a way, this is a GOOD thing, as it will force our Government to deal with entitlements when they can no longer print an infinite amount of $$ without consequences..

[muawiyah]

Which turns into meaninglessness as long as the United States, unlike most others (except China, Chile, Argentina, Brazil, Russia) actually have ASSETS to back up the debt.

We have a very long way to go ~ hundreds of trillions of dollars ~ and may be even thousands of trillions, or millions of trillions!