BIgFish:
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You're saying if the U.S. defaults on the debt, then the other countries will just take over the U.S.??
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DUH?? Who said anything about the US defaulting on it's debts?? Or "other countries will just take over the US"?? They don't want to take over the US - they want paid.
If that happens, the US will be supported further - it's what happens to corps that get in the shit.
The only difference is.. and that's happening now - the lenders are becoming "wary" and want more "precise" figures - like... simple facts.
Never get this silly idea that any country is infallible - that includes the US. The fact that others have been invited to be shareholders means they want dividends in return - so keep working hard!
OK.. I've done a number of predictions over the last few years on GFY - even when I got flamed for saying so :-) BUT- they have all come to pass. Here is one - within the next one to two decades (unless there is some "miracle"!) - the US $ will be worth half of it's current value, or less and the ripple effect will be substantial. The US economy will be "nothing" on even it's current low level and, in effect, be a "service economy". I'd reserve that job at McDonald's while you can :-)
That's me finished talking shit! I'm off!!
