>what exactly would happen as a consequence to the US?
It would trigger a loss of faith in the US and USD. Which could get really spicy given that the US relies on reserve currency status to keep things steady despite comparatively high debt/gdp
Hard to tell what would happen but I suspect its borderline enough that nobody sane wants to find out
It would trigger a loss of faith in the US and USD. Which could get really spicy given that the US relies on reserve currency status to keep things steady despite comparatively high debt/gdp
Hard to tell what would happen but I suspect its borderline enough that nobody sane wants to find out
https://en.wikipedia.org/wiki/Exorbitant_privilege