The question is “Who will buy California for cents on the dollar after the once great state defaults?”
“Who will buy California for cents on the dollar after the once great state defaults?”
The USA cannot afford to let CA default, though that is extraordinarily unlikely. The state is running a surplus.
But if it ever comes to that, the feds will do whatever it takes to avoid THAT economic hit.
This state is the 5th or 6th largest economy in the world.
China will.
Callifornia is going to secede after the 2024 elections, and the PLA Navy will be homeported in San Diego and San Francisco within 3 months.
“ The question is “Who will buy California for cents on the dollar after the once great state defaults?””
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Thinking the most likely scenario is that no one will buy California. What will happen is the homeless will simply occupy the deserted properties and take them over. The state will devolve into a Mad Max world. The rich will further entrench themselves behind walls and armed guards. Should be a great place 😝….