The specter of the American government declaring bankruptcy gets trotted out particularly often any time there’s a change in the majority party. Because we’ve been told for decades what a large, scary number America’s National Debt is, the populus fears that the time when it causes another Depression could come at any time. It couldn’t even be said to catch us by surprise, since there were many alarmists that would be able to tell us that they told us so.
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What Would Happen in a World WITHOUT ANTIBIOTICS
What Would Happen if CALIFORNIA SECEDED from the Union (America)?
Text version:
Coming up:
10. Massive Shortages Across the Board
9. Banks Will Empty Out
8. Chinese Currency Will Collapse Too
7. Barter Economies Will Be Ready
6. Selling Off Public Property
5. Many Will Be Driven from Their Homes
4. Bond Lawsuits
3. Demanding Money from the World Bank
2. Get Away With Not Paying All Debts
1. Massive Increases in Violent Crime
Source/Further reading:
…(read more)
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HOW TO INVEST IN SILVER: Silver IRA Investing
The United States is often seen as the world’s economic powerhouse, but what would happen if it were to go bankrupt? While such a scenario is highly unlikely, it is interesting to consider the potential repercussions. Here are 10 things that could happen if the United States were to go bankrupt:
1. Global financial markets would be thrown into chaos. The U.S. dollar is the world’s reserve currency, and a U.S. bankruptcy would have far-reaching consequences for international trade and investment.
2. Interest rates would skyrocket. As the U.S. government struggles to borrow money, investors would demand higher interest rates in return for taking on the risk of lending to a bankrupt country.
3. Social programs would be severely cut. With no money to pay for them, programs such as Social Security and Medicare would likely be drastically scaled back or eliminated altogether.
4. Unemployment would soar. A bankrupt government would be unable to provide support for struggling industries, leading to widespread job losses.
5. Inflation would spike. With a devalued currency and a lack of government controls, prices would skyrocket as businesses try to recoup their losses.
6. The stock market would crash. Investors would panic at the news of a U.S. bankruptcy, leading to a massive sell-off and a sharp decline in stock prices.
7. International aid would be cut. The United States is a major provider of foreign aid to countries around the world, but a bankruptcy would force the government to cut back on such programs.
8. Trade wars could erupt. Other countries may seek to take advantage of the U.S.’s weakened position by imposing tariffs or other trade barriers.
9. The economy would shrink. With government spending cut to the bone, the economy would likely contract, leading to a prolonged recession or even a depression.
10. Civil unrest could erupt. As social programs are cut, unemployment rises, and inflation spirals out of control, the population may become increasingly desperate and angry, leading to protests or even riots.
While the likelihood of the United States going bankrupt is extremely low, it is clear that the consequences would be severe. It is a sobering reminder of the importance of responsible fiscal management and the need for government to live within its means.
We should all be so lucky. My husband from the UK thinks it coukd actually hapoen. i have to remind him who runs the world bank.
Well, that's funny. The corporation of the United States IS bankrupt and has been since July 1999…
31,5 trillion debts and de-dollarizion today
Lock your doors and loads your doors
I never knew this.
$31 Trillion as of Jan 2023.
An increase of $9 Trillion in 4 years.
What could possibly go wrong?
We are bankrupt.
Jump into the future Simon….. I like the 2022 beard
The book of Revelations, " In one day the entire world economies will collapse." Napoleon Bonaparte, "People will believe anything as long as it's not in The Bible."
There are city's of homless people in America something close to 5,000 in every major city and there's 4,000 city's thats not even bankruptcy
That's the result of printing a lot of money by paying debt. Imbalance economy gone wrong. When much money people can buy anything and the worst is the supply will less and the demand goes much higher
YA! And thats OLD news! DUH…
…!
I guess being poor does have an upside if you have nothing to lose anyways national debt ain't really a big deal to you
I love how people really think the US debt works the same way their credit card debt does lmaoooooo
Are you not grossly underestimating China's economic power and overestimating their dependence on the USA?
I have the best credit card it's cut up in 6 pieces lol
Anyone else come here to take notes for 2022?
all major cities will fall into chaos and cannibalism.
nixon shock.
We are still living on credit .
Enter Bitcoin.
Maybe a great reset will be the only way to fix the mess our government has made… Sometimes I wonder if being plunged back into the 1800s would be such a bad thing considering the shape our country is in at the moment.
TL;DR – Recognize your government is just as weak as you and can collapse at a moment's notice. Learn how to provide for yourself and recognize the TRUE necessities in life. Realize that most things we consider necessary in modern life really aren't and only serve as conveniences and luxuries. Then, and only then, will you be able to survive such an occurrence when your government fails you.
D.on't
E.lect
A.nother
D.emocrat
ANTI-CHRISTIANITY ANARCHISTS!
The U.S. has been bankrupt for a long time.
Here is an article about what people did when they had no money. Also, here is an ad/link at the side of said article to Annie Duke talking…
Rich just move to another country thry be hurt only the poor icelands punished the one who did American gave them reward
Rich people would hlf yo take care of thier own kids clean thier own houses
They try to soak the poor first bern they. Stop giving money to richboeople tac thrm thrmbour depression stop
and here we are in 2021 impending crash and bankrupcy….oh dear
A country that issues its own sovereign currency cannot go bankrupt anymore than a score board can run out of numbers. Read up on Modern Monetary Theory that has just been proved correct by the economic spending required to manage the Covid disaster.
When you owe the bank a million dollars, the bank owns you. When you owe the bank 22 trillion dollars, you own the bank.
The U.S. is worse than bankrupt. It is DEEP in debt! It just has not filed for bankruptcy yet.
I grew up in the country. I can make and preserve my own food and I know how to run engines on wood gas.
I do everything possible to not pay taxes and I don’t keep my savings in a bank.
It would be interesting to see a a top tenz of what would happen if the world shifted from the US Dollar of the world preferred currency.
All empires fall .That is a fact. How long they stay in power depends when they get reckless and arrogant. Does it ring a bell?
Earth is far from overpopulated. She may be incapable of ever becoming overpopulated. Never! There are far more people in Asia, than the entire world combined. And it is there the suffering is worst.
it’s not a matter of if, but when. it’s coming folks…
What if feds print unlimited money
It will never happen whilst the doller is the worlds reserve currency.
After talking to the smartest people I know, from my understanding, there’s no possible way the US can go bankrupt. Still possible that poor and middle class people wont have it any better than the description here but, not from a bankruptcy. Just from a mismanaged economy.
Those idiots are already bankrupt lol