Federal Reserve Actively Preparing For The Possibility Of U.S. Default

[jrj996]

Source;[url]http://www.huffingtonpost.com/2011/07/20/federal-reserve-plans-contingency-default_n_905068.html?icid=maing-grid7|main5|dl1|sec1_lnk3|79816[/url]

[QUOTE]
The Federal Reserve is actively preparing for the possibility that the United States could default as a deadline for raising the government's $14.3 trillion borrowing limit looms, a top Fed policymaker said on Wednesday
[/QUOTE]
Welp, my country is fucked. Hooray for the economy. Now, onto falling into deeper debt.

[Joey Skylynx]

Not only our country... We go down the world economy is in a pretty fucked posistion.

[ewitwins]

Wait, can someone explain to me what this means for the economy as a whole?

Don't we just fail to pay our debts?

[jrj996]

Basically meaning we're giving ourselves more money to lose.

[PvtCupcakes]

So the plan is to print tons of money to pay for things rather than borrowing.
Yay inflation!

[Nikota]

You know. Instead of raise taxes, were going to make the global economy worse.

[Madman_Andre]

Well, I guess that's that.

:suicide:

[Curls]

No one has any idea how to run a god damn country anymore!

Time to kill all the bad world leaders I guess.