We obviously won’t be bailed out. We have a couple options.
1) Print a ton of money to pay off the debt and let hyper-inflation take over
2) Default on the dollar and replace it with another standard like gold or land.
I bet on inflation.
I expect to pay back my 4.5% 30 yr fixed rate mortage with Baraqqi/Bernanke minibucks.
“Default on the dollar and replace it with another standard like gold or land.”
Land as a currency would be fun.
A: How much is that haircut
B: 15 square inches of avarage quality land
A: How about 5 square inches of premium soil in Nebraska ?
B: Nebraska ?!? I’m from Florida !?!