No government ever pays it’s debts.They use inflation instead.
Dr Marc Faber agrees:
Marc Faber: They Can Postpone the Endgame For Five or Ten Years
"Before they go bankrupt they’ll print money. They’ll print endless money. As long as we have Ben Bernanke and Janet Yellin at the Fed they’ll print money and so they can postpone the end game endlessly…Endlessly not, but say for another five to ten years."