Archives
Question by Doobee: What will happen if Obama throws this economy into bankruptcy? He’s making a lot of bold moves with more money that Bush spent over the past 4 years in only one year. Could be be wrong? And if he is, what does that mean for Americans? Best answer: Answer by tet1968usnThen the [...]
Question by Stickboy: what would happen if we discontinued all debt owed to others and started from scratch? Like completely take down the economy, scrap it and liquidate all debt. This way we can start from scratch. It may take a couple of years, but what would be the outcome? Would other countries recognize our [...]
by LSE Library Question by Oppenheimer: With our existing debt load, what is going to happen if we have another economic disaster? I really do think the amount of money our government is spending will get us out of the current mess. If the underlying problems remain, which they likely will, we will not be [...]
Question by JUJU: What will Happen when the USA declares Bankruptcy and defaults on all Central Bank/Federal Reserve Loans? When a person defaults on a Mortgage the Bank keeps the house and evicts the tenants. Will that happen to the USA when it officially declares Bankruptcy. Will the Banks evict USA Citizens and take over [...]
Question by Magick: What would happen, hypothetically speaking, if the US declared bankruptcy because of the deficit? I know this is opening up to all kinds of political flame wars, but the best answer will be picked from those who can keep their politics in check. It’s a serious question you see, one that I’ve [...]