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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 389.75+0.5%Dec 1 4:00 PM EST
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To: dybdahl who wrote (41763)10/24/2008 8:50:02 AM
From: Elroy Jetson  Read Replies (1) of 218131
 
Bear in mind that 2/3 of the $14 trillion of US external debt is consumer and business debt. The portion of this which cannot continue to be paid will be liquidated in bankruptcy, leaving the debt owners with pennies on the Dollar.

I don't see any problem for the US to easily make payment on the $4.6 trillion of governmental external debt - which is less than four months of current US income.
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