I'll just point out that the USA has defaulted on it's debts twice. The second time being August 15th 1971, fighting the Viet Cong. Since then, the dollar has largely been backed by oil... The Saudi royal family have been propping up the US dollar since then. This sheds a little more light on the makeup of the 9/11 bombers, with 15 of the 19 being Saudi...
Stagflation or Deflation? [View article]