Send to a Friend

WestRiverrat's avatar

What would happen if the US defaulted on its foreign owned debt?

Asked by WestRiverrat (20117points) January 26th, 2011

We were debating this at coffee break today.

Some said nothing would happen, others said the whole world economy would collapse and we would enter a world wide depression so severe that the Great Depression of the 30s would be forgotten.

Using Fluther

or

Using Email

Separate multiple emails with commas.
We’ll only use these emails for this message.