It won't happen. It is an impossible feat ! We will default ! Just a matter of time....
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The coming double dip recession, will hold off inflation...but it won't last forever. The only way the debt will be manageable will be to walk away from it, or to triple the number of dollars available....which would translate to be a nice 30% annual inflation rate over a 10 year or so period. So the "debt" will only be a 1/3rd of the size, but your retirement assets will be as well....and oil....how about $15 a gallon gas? Becauase at today's values, a barrel would be over $300. Originally Posted by TexanAtPlay