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(25,487 posts)

9. a default will hurt everyone....and i mean EVERYONE

Tue Oct 15, 2013, 08:00 AM

Oct 2013

Including non Americans.

The US dollar is the base currency of the world.

A default will bring the whole world into recession, not just the US.

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I see a lot of people on DU saying a default will significantly hurt them [View all] Nuclear Unicorn Oct 2013 OP

There is a thread of fellow DUers discussing how they will be impacted Nuclear Unicorn Oct 2013 #3

There will be no default. Read the news this morning. aristocles Oct 2013 #2

I want to look into your Crystal Ball. Cha Oct 2013 #4

Most experts give it even odds at the moment. Le Taz Hot Oct 2013 #5

For some here RandiFan1290 Oct 2013 #7

I am advising clients to get some liquidity immediately. Laelth Oct 2013 #17

I'm not certain what else there is to do. Skidmore Oct 2013 #6

a default will hurt everyone....and i mean EVERYONE scheming daemons Oct 2013 #9

Think of having a mortgage that you can barely afford the payments on. Turbineguy Oct 2013 #11

+1. n/t Laelth Oct 2013 #18

But what is the alertnative? Give the Republicans what they want? LisaLynne Oct 2013 #12

Therein lies the rub Nuclear Unicorn Oct 2013 #14

Shutdown Vs. Default... KharmaTrain Oct 2013 #19