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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (363313)	3/23/2008 3:17:19 PM
From: stan_hughes	Read Replies (1) \| Respond to of 436258

Massive inflation if they print the money to pay up, a likely depression (certainly in the west) if they default -- as a debtor nation without any savings, the US unfortunately doesn't have Option #3 available to it the way the Japanese did in 1990 (i.e. keeping everything on the books of the big banks for the next 20 years and pretending nothing happened) -- in the present US case, its creditors are going to come-a-calling sooner or later, just as sure as Mastercard or Visa would eventually get around to calling you if you stopped paying your bills