What Happens If The USA Defaults?
Dont get me wrong, I liked Winehouse too and im sorry she's dead but im back to being concerned about my bank balance so im also worrying my dollar holdings.
Is a US default inevitable? We all know the limit will be eventually raised but the point is, will this enable the problem to be solved ultimately?
What will a US default look like? Will it look like the collapse of the soviet union, will America start looking as a grey and dreary as the old parts of soviet Russia?
Im anticipating that a default would be bad for most things but possible good for Gold bugs? Am I right?
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