User 241672

De-Leveraging Is Not Deflation

BS detector -- Is it really true that it would be "the end of the world" if the US defaults on it's debt?

I get really worried when people say something is "unimaginable" - usually it means they don't want to face the prospect.

Let's pretend that the US magically (and uniquely) faced the rapture, and went to heaven, leaving the rest of the world to plod on.

What would happen in your universe of "how things work"?

Would food production and the will to live cease?