Quote:
Originally Posted by Bugs  Quote:
Originally Posted by bkkandrew US Soverign debt repudiation in late September I reakon. | Of this year? |
Two options as far as I can see:
1. Under the cover of military action in Iran, printing presses go into overdrive to inflate the debt away (most of it is Dollar denominated)
2. Straight repudiation
Either one in late September, but certainly before the election (unless McCain suddenly looks a cert to win, as this may delay the inevitable).