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how soon till the US is in default debt to China?
5, 7, 8 years timeline?
Guesstimates welcome.
Yes the US being bankrupt.
See Weimar Germany after WW1
4 Answers
- 1 decade ago
Those notes mature in 20 to 30 years a terrible investment one of last resort China should have brought up the U K gold when the fools sold it at rock bottom level
- LeonLv 41 decade ago
Never, we won't default, at least not in the traditional sense. The Federal Reserve is just going to print up the money to pay back China with progressively cheaper and cheaper dollars, such that the nominal debt goes down at the expense of the dollar's purchasing power.
- .Lv 51 decade ago
Russia might like to default on its debt, but the US hasn't done it through its 234 years.
The US took on the debt of the colonies so that it could prove its creditworthiness.
