|
Obviously there are only two ways to pay off a debt: run a surplus big enough to cover interest and principle payments; print money.
But there are many other options, too: default; debt forgiveness +default; debt forgiveness; debt renegotiation; etc.
But obviously, your point is that this isn't going to end well, and you're correct. Default or hyperinflation are the two most likely outcomes, although my guess is that the Federal Reserve banking cartel might try to implement a new currency tied to some commodity the US has an abundance of relative to everyone else and use some kind of scheme to de facto default but instead of the US feeling the pain, only the creditors would in the short run. I hope that wouldn't work though, because the US government needs to implode if for no other reason than justice.
|