Istanbuller wrote:United States intentionally created a loophole in the financial system. It is a fraud. The US is misleading lenders. It is a corruption. America is already unofficially defaulted.
But this won't last for a long time. You will not be largest economy. Financial rules will be rewritten and you will be obligated to meet your debt. It will be like how the Allies squeezed money out of already bankrupt Germany in WW I.
You just have 4 or 5 years to meet your debt before being bypassed by China. Time is running out. Tick tock tick tock...
@ Istanbuller,
You obviously have not thought about this enough. All the US national debt is denominated in US dollars. The US can create US dollars with keystrokes on a computer, or it can print them on cheap paper. After WWI France and Britain demanded the reparations be paid in gold, Pounds, Francs, or US dollars, not with German Deutsche Marks.
2nd, the US is unlikely to lose a war like Germany did in 1918 anytime soon. We live in the Nuclear Age, which means that the US is not going to be forced to pay reparations. The US will not likely ever be in a situation like Germany was in 1919.
3rd, I hope you are not making bets with your money based on those beliefs, because you will lose those bets.
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