Bloomberg: ….
WNU Editor: The US government will not default on its debt obligations. But if current trends continue, I can see a scenario where the US government will make the decision to accelerate inflation thereby lowering the value of its debt, even if it means causing global harm to those countries who are dependent on trade in US dollars, and to Americans who save and/or are vulnerable to inflation shocks.
Source: Speculators Are Now Placing Bets That The US Government Will Default On Its Debts
Category: debt crisis
