rupol2000
Gold Member
- Aug 22, 2021
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- #21
Nothing bad will happen. This was already the case with the collapse of the Bretton Woods system. The United States de facto refused to fulfill its obligations to provide gold, and Europe abandoned the dollar reserve.Where our nation’s economic basis is the full faith and credit of the Republic, “advice” to default is utterly insane.
Suggestion made in OP is rejected.
It did cause the currency system of Europe to get out of US control, but it was inevitable as the US lost political control there.