[ExI] Tap tap….Hello? Is this thing on? (Or Zombie Apocalypse!)
eugen at leitl.org
Tue Oct 1 11:09:28 UTC 2013
On Tue, Oct 01, 2013 at 01:01:11AM -0700, Adrian Tymes wrote:
> What will be more interesting, for good or for ill, is if they haven't
> backed down by the time the debt ceiling must be raised. I hear the
> deadline is currently projected to be October 17th. Forcing the US to
> default is no mere shutdown.
The US is bankrupt. (Most countries are in fact bankrupt).
Provoking the sovereign default now would be perhaps smarter than
having it happen latter, out of your control. Of course this will
crash the world economy, but that's also going to happen, anyway.
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