What would happen if the world stopped buy the debt of the United States?
- OiyLv 62 months ago
The dollar will go to the bottom and the interest paid by the US will be skyrocketed. It would be the same as the Pound Sterling in the 70s.
- PearlLv 72 months ago
then we might be in trouble
- ZirpLv 72 months ago
If the USA would stop getting deeper in debt faster than anyone else... there would be a huge recession and NATO could fall apart
- RickLv 72 months ago
the world-wide trade based on the American dollar would suffer, but wouldn't hurt us ........................