effects of bankruptcy on a economy

which entity is bankrupt in this scenario? the corner dairy?

also which economy?

surely you're trolling....
 
an

Well most people I know of go bankrupt due to taxes so... less first class travel for MPs?
 
this is just s semi-educated guess: anyone who holds bonds gets stiffed, yields on bonds go through the roof making it impossible to borrow any more money leading all government services to get cut down to the bone. Then its just tons of unemployment and people losing their homes, everyone worries for the future and, as if that wasn't enough, USA invades you to steal whatever natural resources you might still have under the guise of "bringing stability" or "spreading freedom" or something silly like that.
 
AFK said:
this is just s semi-educated guess: anyone who holds bonds gets stiffed, yields on bonds go through the roof making it impossible to borrow any more money leading all government services to get cut down to the bone. Then its just tons of unemployment and people losing their homes, everyone worries for the future and, as if that wasn't enough, USA invades you to steal whatever natural resources you might still have under the guise of "bringing stability" or "spreading freedom" or something silly like that.
Click to expand...

Mmm........but who invades the US when they go bankrupt during the second Obama term ?
China ?
 
Last edited:
The UK will reclaim its colony. Fortunately they won't go bankrupt.
 
Jokes aside, who which country wouldn't fall into recession if the US went bankrupt..?
 
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