Goldman Sachs will save the day. Isn't that why they're on the receiving end of the most favorable treatment and access any alleged democratic government has ever granted a "private" entity?
easier said than done. You have to get accepted by another country, then apply for citizenship in that country, and then I believe the IRS can still chase you overseas for something like 10 years. The government has this all planned out so you can't just pick up and leave. It's all part of the grand plan. No one can escape the destructive spending of congress and the Fed.
It's not the end of the world by any means. All fiat currencies throughout history have faltered. The US$ is not immune.
There is +- 7 trillion $ in US bank deposits? So it would have been cheaper as some said to declare the system bankrupt and just guarantee deposits?
The BIG problem is in derivatives, many times bigger than deposits .... everybody's holding the bag on those and all expecting/hoping to get paid from tax payer funds.
+1. Also, derivatives are just that for a reason. Contracts are broken all the time, derivatives are no different. -Trillions of swaps and other derivatives can go to $0 overnight when they are busted. The counter-parties wither go bankrupt or simply don't pay and litigate the mess over a decade. People need to stop thinking $1 trillion in derivatives == $1 trillion in USD. NOT THE SAME!!!!11!!
Seems to me that's what they're trying to avoid... so that everybody gets paid. And because counter-parties did not reserve assets to honor obligations, the only place they can get paid from is the tax payer.