The US can play musical chairs for a long time, what worries me is that the contagion destroys credit overseas on a massive scale.
thats what everyone believes,how true it is,don't know,don't think fed does either , they are just the best bullshitters,con men, if it were real money they would be able to support infrastructure ,pensions,social security,state bankruptcies, fema.. the list goes on.. the only thing seemingly for sure is they will protect the banks
My belief is they already rescued the banks and corporations. Both have record cash on sheets even if it is note driven. The gamble may pay off but lots of assumptions. We all better pray really hard that another bubble doesn't burst cause they have nothing left to throw at it without risking inflation which in my opinion is already set in.