What would happen in the event the Federal Government actually went bankrupt?

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The U.S. wouldn't be able to borrow money as easily as it does now. And some folks think that would be a good thing. There would be a series of adjustments, starting with international relations because much of the U.S. military is funded by borrowed money.

The citizens of the United States could function on borrowing money only from other citizens, but the time and losses involved in that change would be so great that we'd likely see another economic "depression. " Your question is "what would happen," and I really believe that Americans would be so averse to reproducing the privation and suffering of the Great Depression (1929-1942) that they would welcome power-sharing agreements with others--goodbye Dollar, welcome Amero. Swap out currencies, and unite Mexico + Canada with the U.S., and you have an economy that can effectively compete with the European Union.

I was told this in a teacher's meeting (of all places) 17 years ago, and it looks even more likely today. The problem is, therefore, knowing what to invest in that won't be capriciously devalued.

1 I'll shoot myself. This user has been banned from Askville.

2 It may not be possible, but something just as bad could happen. The Govt would be in a position where it would not be able to pay its obligations; but before that happened they would been borrowing more money via T-notes, etc. Ultimately the Federal Reserve Bank would have to buy all the T-notes. But by then the financial system would have driven down the price of the T-notes and thus driven interest rates way up.

Due to increased money supply we would be experiencing hyper-inflation similar to what Zimbabwe is currently experiencing. This user has been banned from Askville.

2 It may not be possible, but something just as bad could happen. The Govt would be in a position where it would not be able to pay its obligations; but before that happened they would been borrowing more money via T-notes, etc. Ultimately the Federal Reserve Bank would have to buy all the T-notes. But by then the financial system would have driven down the price of the T-notes and thus driven interest rates way up.

Due to increased money supply we would be experiencing hyper-inflation similar to what Zimbabwe is currently experiencing.

It may not be possible, but something just as bad could happen. The Govt would be in a position where it would not be able to pay its obligations; but before that happened they would been borrowing more money via T-notes, etc. Ultimately the Federal Reserve Bank would have to buy all the T-notes. But by then the financial system would have driven down the price of the T-notes and thus driven interest rates way up.

Due to increased money supply we would be experiencing hyper-inflation similar to what Zimbabwe is currently experiencing.

Predator replied to post #2: 3 As I said, I'd shoot myself. This user has been banned from Askville.

Predator replied to post #2: 3 As I said, I'd shoot myself.

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Should the federal government have special rules, or should federal property be subject to the same laws/rules/regulat.

In 2011 what is the rle of the federal government.

The Federal Government doesn't have referendum procedures, to place proposed laws on a ballot. Why not?

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.