What would ACTUALLY happen if the US were to default on its debt?
>>536872085Already a thread:>>536807835
>>536872085the Jesuit bankers of Europe and Asia would simply nuke everything
>>536872085It’s literally impossible to default. Who is going to enforce the collection? Who is going to foreclose? No one. All that would happen if the US defaults is the stock market would go down for a couple days then explode back up. Everyone today is on tiktoks and youtube shorts. People don’t have the attention span to give a fuck about anything that happened more than 20 seconds ago.
>>536872085Things would be really bad for 1-4 years, then new American golden age.
>>536873306>Everyone today is on tiktoks and youtube shorts4chan is just as bad for you.
>>536873306Functionally this. The problem of unsecured debt is you have to have the ability to enforce collection. In most cases, that means appealing to the US government to collect for you. When the debtor is the US government, who's going to make them pay?
>>536872085The entire global financial system comes crashing down. And that's a good thing
>>536872085Banks would collapse and the money supply would disappear. Treasury bonds are the reserve asset for the banking system, and banks produce the entire money supply.
>>536872085Then the US will be forced to cut all of it's spending because nobody will lend to us anymore in or outside of the US.Basically total governmental collapse, which lolberts may think they'll like, but the subsequent economic catastrophe that results will likely lead to a lot of riots, violence, complete breakdown of society and such with no government to then protect people's property or lives.
>>536872085It would obliterate the financial system. But there's no actual case where this happens.Absolute worst case scenario is that it gets inflated away as they do special monetary injections.Also don't look at other countries debts. It'll shock you.
None of your fucking business, that's what.
>>536872085Debt is when you owe me money and I break your legs if you don't pay me back.The US is not in debt to anyone, there is no entity on the planet apart from Israel that can force the US to pay back their denbts therefore the debt is fake and gay it might as well be 666 bazillion dollars it means nothing
>>536874683Do you guys have any idea what you're talking about? Do you know how and why this debt is created? Other countries and many people own US treasurys, and they would be getting rugged if the US defaulted.
>>536875223>pay me back*WRONG*.Not how any of this works.See: -------------- >>536875266
>>536875394>USTThis anon gets the overall principle.When the global debt aka bond market implodes, so goes it allEvery single one of 160 nations. UST is the global default reserve denominationSee the other thread >>536807835Also see this (same day) thread >>536814624everything is discussed on ^^these two topic threads
>>536874717The US defaulted in 1933 and again in 1971 and nothing happened
>>536875223Creditors could just stop buying new US debt. The US government depends on the continuous sale of newly issued debt just in order to afford the day-to-day operations of the government
>>536872085Many foreing debt owners would be furious..value of US dollar would crash....in worst case it would not any more accepted by foreing countries for any payments.
>>536873306They would just stop lending you money
