shuttler
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Detroit default can repeat elsewhere in other cities or even to states in America. Puerto Rico could go burst next. No, I just wanted to hear from you if you have any idea what would happen to other nations after America goes bankruptcy?
That is the question you asked about what will happen if usa goes broke, isnt it?
The thing is Detroit has a lot less cards to finesse than the Fed but the Fed also carries a lot more obligations
The immediate hits are on the american RnD spending on many fronts; their cut of subsidies for overseas espionage and terrorists groups, their overseas military bases will be closed down, their quality of lives will go down, unemployment will go up, unemployment as well as other subsidies will be cut. That will give good reasons for their own social unrest - they'll be eating their own medicines, they will not have money to pay their internet warriors ..and many more
is reciprocal.
you are not vietnamese
I cited Vietnam just a example. When you say you don´t give a fck on Vietnam, I guess you will give a fck on
- the Philippines
- Malaysia or ASEAN
- Korea
- and so on
I didnt use "fck"
I only speak from what I know of the impact of vietnam on USA or vice versa when america as a country goes broke
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