To: 101voodoo
Have you given any thought to what would happen to the world economy should America announce a default on its debt?
America *is* defaulting on its debt as we speak...we're just doing it through devaluation, instead of default.
To: Yet_Again
It is not even close to being the same as an outright default. Currency weakens and strengthens, defaut is the end game and not reversable.
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