I want my two dollars!
What would happen if the United States defaulted on all of its debt, or simply said ‘Screw off, I ain’t payin!’. I know nothing about global finance, economics and power, but would like to understand what would happen if the U.S. could or would not repay its debt. If I default on a loan, someone is going to kick me out of my house. If the U.S. defaults on its loan, who would do the taking away, and what exactly would they take? If I am the biggest, meanest kid on the block, and everyone relies on me for candy, why do I have to pay you back? Can’t I just kick you in the balls and keep your money?? I know this sounds stupid and simple, but what would stop the U.S. from saying to China, «F*ck you, I ain’t payin, and by the way, I ain’t buying anything from you anymore.». Who needs who more? How is power held it check when the sh*t really hits the fan?
Original text: I want my two dollars!
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