Keep an eye out for China moving towards dumping the dept, so that they will not be hit hard by the default. Its going to backfire in a major way, and everyone involved knows what is about to happen.
Once the bankruptcy goes into affect, the dollar will once again become the world's currency. Every dollar we have will suddenly be worth something over night, for there will be enough precious metals to back its value. Within the short-term, domestically we will keep the dollar, but internationally we will switch over to another currency. Only for the short term. Its all about rebuilding our credit rating.
edit on 29-4-2011 by Section31 because: (no reason given)


have a nice day!