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im not sure if u guys know the US has the largest gold reserve in the world... if the US defaults on all its debt, every US bond holders will suffer big time financially.... no one wants this to happen...
If the US does default, all the debt will be written off, not too bad. With that massive gold reserve, the US can have 2 options:
(1) trade gold for cheap craps from China
(2) launch the WW3, all countries freeze on their FX trade, everyone will trade gold for goods and weapons... the US could potentially emerge as the super nation once again...
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