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Answers (4)
- James Gordon ABR SFR SRS, "jmgordon"
- Contributions:171
Mike the government can not go bankrupt. In a worst case senario they would just have the reserve print more money and buy treasury notes. This would fund the daily operations of the government and maybe give a few hundred billion extra for pet projects. This would only happen if we could not force the economy to grow any other way.
- Dan, "the_country_hick"
- Contributions:4699
The real question is
What will happen when investors lose faith in the government repaying its loans without ruining the value of the dollar?
When that happens interest rates will rise for government debt. When interest rates rise on government debt mortgage rates will also rise. When mortgage rates rise house prices will fall barring massive wage increases.
A government never goes bankrupt. They simply default on their loans. When the government refuses to pay who can get them to pay?
Or they print extra zeros on money so what they pay back is nothing like what they really owed.
What will happen when investors lose faith in the government repaying its loans without ruining the value of the dollar?
When that happens interest rates will rise for government debt. When interest rates rise on government debt mortgage rates will also rise. When mortgage rates rise house prices will fall barring massive wage increases.
A government never goes bankrupt. They simply default on their loans. When the government refuses to pay who can get them to pay?
Or they print extra zeros on money so what they pay back is nothing like what they really owed.
- Massey Kouhssari, "BankerBroker"
- Contributions:83
Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay its creditors. for as long as there are mouths to feed and consume in the US we pay the world handsomely for their goods and services. So there is our ability to pay. The debt is merely a deposit payment those countries who finance us pay to be part of the game of enslaving the masses within and abroad to serve the corporations & old money. Old money rules and employs our governments to carry out their goals. You can not go bankrupt when you print money when you need it. No other nation has that ability
- Joseph Domino, "ScottsdaleAZHomes"
- Contributions:176
The government can't go bankrupt. We are already in debt up to our eyeballs, they will just print or borrow more money.
If the government goes bankrupt, what impact will that have on purchasing real property of any kind?
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