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If the US Dept defaults what are the consequences of this ? Will it be very dire ?
What would be the next move if the US did default ?
If there a high probability of a default or is there a chance this will resolved and fizzle out.
What are the warning signs.
Should I be prepared with a BOB ?
There will be no default , They will make a deal . This was a failed attempt by GOP to regain some votes and raiting.The World is too much globalised and interconnected that default on debt on biggest economy in the World will cause deep crisis and recession across the planet.The big financial ,banking players will put heavy pressure on Boehner and Obama, they will squeeze them like a orange in a juicer.
It is illegal to default.
Read the constitution.
Interest on the debt is 25 billion a month.
The irs collects 250 billion a month.
There will not be a default.
Who would loan us money if we had to borrow money to pay the debt.
Obama is lying to us.
And some French republicans are repeating his lies.
READ THE CONSTITUTION.
After all, it hasn't always been a Republican House and this started into limbo-land of budgets, where coloring within the lines didn't matter....under a 100% Democrat controlled House AND Senate. No excuses. None.
reply to post by khimbar
Thanks for the reply. Just thinking if SHTF on the global stage I should be prepared.
Like riots and so on.
reply to post by redshoes
And a bug out bag will stop that how exactly?