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Rajan Paswan

Honorary Mentions - ... • 1y

What If the USA Filed for Bankruptcy Today? If the United States declared bankruptcy today, the immediate effect would be catastrophic. The value of the U.S. dollar would plummet, triggering a global financial crisis. Banks worldwide would face insolvency due to their exposure to U.S. debt, leading to a freeze in credit markets and a halt in business operations. Domestically, the U.S. government would shut down, stopping essential services like healthcare and defense. This would lead to widespread unemployment and social unrest. Globally, a U.S. bankruptcy would spark a severe recession, disrupting international trade and reducing U.S. influence in global affairs. In the long term, the U.S. would face a prolonged economic depression, high unemployment, and eroded trust in its financial management. This would reshape global economic and political dynamics for years to come. Share you thoughts on what you think will happen is something like that really happens!?

3 Replies

Replies (3)

Havish Gupta

Figuring Out • 1y

The question is which currency would the world adopt then. That may be Bitcoin

1 Reply

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