In the book “The Mandibles: A Family , 2029-2047“, the US defaults on it’s national debt and all sorts of Bad Stuff happens. Its a very good book, in my opinion, except for the somewhat out-of-character ending.
Could the US actually default on it’s debt? What would happen? Well, here’s one limey’s interpretation:
The notion that a bankruptcy would kick off some type of Purge-like orgy of violence seems a bit dramatic. Crime go up? Sure. But unlike every other country that has gone through that sort of thing, there are enough people with guns in this country that a large part of the population would be quite a bit safer than the rest. The problem with this sort of thing, as seen in places like Venezuela and similar venues, is that only the bad guys have guns. In ‘Murica, it’s a different story. I’m not saying its going to be all sunshine and stun grenades, but stuff like you see on the news in those Third World places? Mmmmm…not so much. Except for our own little pockets of Third World-like places such as New Orleans, any major California city, Detroit, etc.
Could the US go bankrupt? I don’t know enough about economics to say. But I do know this – when the US catches a cold, every other country sneezes. Just from a self-interest standpoint, it would be in the best interest of a lot of the planet to make sure the US doesn’t have something like that happen. That might mean a degree of debt forgiveness, renegotiation of terms, loans from the World Bank, etc, etc. I’m fairly confident what it won’t mean is hyperinflating our way out of it.
But…one never knows, does one? Which is why Zero had food, guns, and silver. And, really, probably why you should too.

