U.S. Default: The Final Countdown?
- I do not believe that the US will go for a hard default! America will stealth default via money printing: QE! The snakes are playing a game. America’s rating will be downgraded, interest rates will increase. The FedRes will be the sole buyer of US debts and thus the beneficiary of the rise in interest rates. Americans will be forced to pay more interest to the FedRes for the money created out of thin air!