US should default on Treasuries

[SadPlumpGirl]

I like a default. The financial system needs a major shakeup and we need to close the wage gap between the 1 percent and the 99 percent.

agree...but the 1 percent controls 75 perxent of the world and they will not let it happen lah.

 

[hockbeng]

why would the us want to default? They are the last people who would want that.

The entire world is exporting its products; raw material , oil and gas etc... which are limited in supply in exchange for intrinsically worthless pieces of USD which have an unlimited supply.

Only fools "invest" in worthless treasuries who will see its purchasing power discretely inflated away by the FED.

It is in the US interests to keep status quo.

 

[hockbeng]

*standing ovation*

then we say goodbye to inflation and the fiat money system.

The fiat monetary system has led to poor fiscal and monetary discipline by Govs; hyperinflation; widening income gap and the destruction of the environment by endless stimulus to spend and consume.

 

[eErotica69]

Dumbfuck opposition retard thinking the default will screw China. It will screw US more badly than it screws China U moron. The US govt runs a deficit budget meaning they spend more than they earn. The only way the government can keep running is to borrow money. If they stop paying their creditors only an idiot will still lend them money. Who do U think will collapse faster, US or China?

Thank you for politicizing this thread.