What happens if USA defaults?

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

  1. Kubinec

    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.