GlockTalk.com
Home Forums Classifieds Blogs Today's Posts Search Social Groups



  
SIGN-UP
Notices

Glock Talk
Welcome To The Glock Talk Forums.
 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
Old 02-14-2013, 20:50   #1
rock_jock
Senior Member
 
Join Date: Apr 2000
Posts: 3,440


What will happen when the US defaults on the national debt?

Serious thread. What specifically will happen? Not the vague descriptions of doom and gloom, but the inevitable consequences.

Will we go into receivership, with creditor countries dictating a budget for us?
Can we unilaterally discharge our debt and, if so, what will be the effect on the world?
Can we devalue our currency, go into a massive inflationary cycle, and pay off the debt with worthless dollars?
Will we be forced by international court into liquidation of assets?
What will happen when the banking system collapses?

I'm surprised that no one seems to be covering this, not even Fox News. I think most Americans find the idea so unsettling that they cannot seem to rationally confront it as a reality, one that I believe is not just a potential but rather as an inevitability.

I see one consequence occurring. I think secession will go from a fantasy of the far-right to a blueprint for a new republic.
rock_jock is offline   Reply With Quote
 

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump




All times are GMT -6. The time now is 23:58.



Homepage
FAQ
Forums
Calendar
Advertise
Gallery
GT Wiki
GT Blogs
Social Groups
Classifieds


Users Currently Online: 873
232 Members
641 Guests

Most users ever online: 2,244
Nov 11, 2013 at 11:42