Not possible. If government stops paying it's debt back, no one would lend to the United States. Without internal and external debt, the United States could not afford to do business without eliminating almost all government services.
The West will be split up by the Russians and the Chinese. the East will carved up by the Chinese and the Arabs. Texas might hold out for a couple of years before being defeated by the Chinese. Alaska will go back to Russia.
If KALI is any indication —very soon in the scope of things –at that point expect MOB RULE and food shortages –total breakdown of PEACE– at that point DINO will convert his QA-98 pistol to full auto or burst fire and ? next chapter cheers dino
It won't. If worst came to worst, the country would just print money to get out of debt. Sure, the hyperinflation would be a terrible blow to the country, but we would avoid bankruptcy,
When the Chinese are no longer willing to buy the bonds that are our debt then we are done. I don't think it is bankruptcy in this situation. It is simply default. I imagine the entire world economy would collapse completely. How are your hunting and farming skills?
If we cannot pick up our tail and can't keep up with the volume of failures, thanks to the SEC and others, the government can declare an emergency and give everyone 2 cents on the old form of currency and simply declare a new one, some call it an Amero but all the evidence isn't in on that one other than conspiracy buffs.**http%3a//www.barefootsworld.net/usfraud.html
Never, it's not gonna happen. America will get back up and stand on it's own legs, and President Obama will see to that it happens. The last Party who tried to run this Country, has already carved up America and Our New President is trying to Pick up the pieces, one by one.
Comments on At what point will the United States officially declare bankruptcy?
probably by the end of this year
We (Canada) will take Alaska (minus Palin), and the west coast (WA,OR,CA) for oil and timber.
Not possible. If government stops paying it's debt back, no one would lend to the United States. Without internal and external debt, the United States could not afford to do business without eliminating almost all government services.
The West will be split up by the Russians and the Chinese. the East will carved up by the Chinese and the Arabs. Texas might hold out for a couple of years before being defeated by the Chinese. Alaska will go back to Russia.
we won't we will just keep piling up the debt
When China decides to cash in on all the bad Debt Bush racked up with the 3 trillion dollar war in Iraq.
China can have the West Coast.
When the debt slaves revolt and stop paying unconstitutional income taxes.
If KALI is any indication —very soon in the scope of things –at that point expect MOB RULE and food shortages –total breakdown of PEACE– at that point DINO will convert his QA-98 pistol to full auto or burst fire and ? next chapter cheers dino
When the current US Dollar is worthless and has to be "revalued".
It won't. If worst came to worst, the country would just print money to get out of debt. Sure, the hyperinflation would be a terrible blow to the country, but we would avoid bankruptcy,
Oh grasshopper, you forgot they took us off the gold standard and they have many many printing machines.
When the Chinese are no longer willing to buy the bonds that are our debt then we are done. I don't think it is bankruptcy in this situation. It is simply default. I imagine the entire world economy would collapse completely. How are your hunting and farming skills?
If we cannot pick up our tail and can't keep up with the volume of failures, thanks to the SEC and others, the government can declare an emergency and give everyone 2 cents on the old form of currency and simply declare a new one, some call it an Amero but all the evidence isn't in on that one other than conspiracy buffs.**http%3a//www.barefootsworld.net/usfraud.html
Never, it's not gonna happen. America will get back up and stand on it's own legs, and President Obama will see to that it happens. The last Party who tried to run this Country, has already carved up America and Our New President is trying to Pick up the pieces, one by one.
probably wouldnt if we put all the greedy guys in jail