Seriously -- please tell me they can't be so stupid as to default on treasury bonds. I can't even imagine the consequences. 2008 was only a *private* debt crisis and that was unpleasant enough.
Reposted from
Ar-Fredazôn
The United States currently is in default of obligations backed by its full faith and credit.
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How did we even get to where we can't be certain they won't push the "collapse everything, lol" button just to see what it does.
concreting the pool, but for an entire country.