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Here’s What Happens if the US Defaults on its Debt

Episode 109 Part 2

user profile picture Chris Martenson May 02, 2023
108
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The cost of insuring against a US debt default is insane and everybody should be paying close attention to what that’s telling us.

The unthinkable is now thinkable.

While I personally consider a US debt default to be improbable – they always swerve close to the edge then veer away – it’s now a non-zero probability.  That’s what the debt insurance (CDS on 1-year Treasury paper) is telling me.

So, what happens if the US defaults?

A lot of things, only one of them good.


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Top Comment

Other option: new plandemic. Something much gnarlier and different enough from COVID that they won’t be asking for the same performative compliance – no masks...
Anonymous Author by sagerxx
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