As a reserve currency - it would be a bigger blow to us AND the world economy than the fall of the Soviet Union. And some countries of the Soviet Union are still crawling out 20 years later.
A dollar collapse will reverberate, with shockwaves across the oceans and back to us many times over.
It is like a huge nulclear blast and will reduce us at least for a few years to third world nation status. Think - bombed out Britain - once ruler of the world, after WW2 - but much bigger.
THATS what happens if we don't get this debt taken care of.
NOT just the inconvenience of you having to wait another year to buy a new car, like a greater tax burden might mean.
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