US is insolvent?
nah the whole thing is a nothingburger, eventually Iran will just stop on their own.
>>62024364Idk idc
OH N-
>>62024364They can print as much money as they want.Or not?
>>62024364literally not possible as >>62027277has pointed outthe dollar will become worthless sure, but it's not possible for the US to default on anything
>>62027311You are correct that the US government will always be able to meet its existing contractual obligations denominated in US dollars. But it can still be insolvent in the sense of being unable to continue to conduct its business for lack of funds. If the dollar goes to zero, the government will literally not be able to keep the lights on because it will have no funds that the power company will accept. As soon as a contract denominated in dollars terminates it will not be renewed. The government will not be able to purchase weapons or pay soldiers. It will not be able to hire any new employees as old ones quit in disgust. Although technically not bankrupt, it will be insolvent in the sense of lacking funds with which to conduct business.
I wonder what the new fed chair has to say about thismaybe he will quantify some easing into the markets?
>>62027277>>62027311>>62027475Not at all, retards lolDo you mutts live under a rock? Russia had to default not because they lacked US dollars, but because they had been banned from every payment system and literally couldn't pay their debt. If muttistan decides to just start printing dollaridoos, you'll be banned from making payments as well lol
>>62027735damn you are stupid, I can tell you're Russian so it makes sense, see the difference here is that the US is the one that owns and runs all those payment systems, the federal reserve literally controls all of that, all debts are in dollars and can be contractually paid with dollars.
>>62024364When the dollar will crash, Capitalism will enter in it's final crisis, final stage.
>>62027311>heh it's not possible because we can just printCan is not the same as will. Defaulting has its own merits and US could choose to default instead of hyperinflating. For example imagine a world where every ally turns away from US and calls Trump an orange retard. In that world the orange retard might say WELL FUCK YOU TOO THEN and default on his debts.
>>62024364Infinite Print Cheat Code Activated. Insolvent is a word of little relevance when you can arbitrarily issue new currency.
>>62028278eh, those "allies" are too pussy to do anything other than posture, they did the same thing with Bush and the Iraq war, everyone forgot about it like a year later
>>62027834Brainlet mongrel shitskin lmaoThe only relevant payment system on this planet is SWIFT and it's control by the EU. You are only ever being tolerated, mutt.
