Quote:
Originally Posted by shakran
Well, technically yes. They can't FORCE us to pay (we do, after all, have something the average bankruptcy filer does not, namely an army), but as confidence in the dollar drops worldwide they can stop lending us any MORE money. That could lead to all sorts of economic troubles for us.
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They don't have to call the debt, all they have to do is sell off their debt fast and it would cause a run on the US dollar.
Previously, there was no other currency to 'run' to, but with the Euro and Iran and others wanting to trade oil in Euros instead of dollars...