What happens if USA defaults?

Discussion in 'Economics' started by Kubinec, Jul 24, 2011.

  1. Kubinec


    How will it affect everything? Trading, common citizens, banks, everything? I'm not talking about a "temporary" default, whatever that's supposed to mean.
  2. Tsing Tao

    Tsing Tao

    The common man probably won't even notice unless they accidentally switch away from Dancing With the Stars for a moment.
  3. I think USA will not default as long as dollar is world's reserve currency.