OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

If the US defaults on its debt to China

Posted by Ororeef @ 14:32 on March 22, 2022  

thats an act of WAR ,They will retaliate by confiscating US corporate assets ..like apple  !!

The problem is thats a race to the bottom ..TRADE comes to a halt….When GIANTS fight ,small guys get TRAMPLED ……Our economy goes back to 1945 .People had jobs and money ,but nothing to spend it on. IMPORTS are gone .read the label on what you buy ,if it dont say “made  USA” it will be gone in 10 days…People will bid up prices to get what they want (INFLATION)until they are restricted by requiring government approval to buy anything.  Even FOOD will require food stamps to get what you want.Without the STAMPS it cant legally get sold.just like the WAR years.  Corruption will run rampant ! Bribery is the only way to get what you want…If US BANKRUPTCY is the only way out of US debt …We can re elect TRUMP..he has lots of experience using Bankruptsy to discharge debt.  He may be the ONLY guy that can do it  !

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.