You can't compare Venezuela and USA simply because they are not in the same political category. Venezuela might get into deep trouble because of the debt but not the USA. And in fact I don't think that USA will ever pay their debt back.
But there is possibility for the whole world to fall into deep global financial crysis. It wouldn't be the first time.
Topic: So Venezuela is imploding - page 2. (Read 970 times)
Historically the US has always resorted to inflation to deal with debt it can't pay.
But a default would also lead to hyper inflation wouldn't' it?
But a default would also lead to hyper inflation wouldn't' it?
Venezuela's Inflation Rate is projected to hit 1600 to 3500 percent in the next year. (Source: IMF World Economic Outlook)
The shit has officially hit the fan people.
Was it inevitable? Will it happen to other countries?
I know the US debt just passed 20 trillion dollars. Soon will be spending more on interest payments on our debt then we do on our military.
Could the whole world go into super inflation at the same time; like a chain reaction?
Potentially, however it is considerably more likely to see something like countries just straight-up defaulting than having a ton of countries get involved with hyperinflation. Venezuela is a unique situation, and they are (basically) expected to collapse because of a government trying to manage a shitty economy.The shit has officially hit the fan people.
Was it inevitable? Will it happen to other countries?
I know the US debt just passed 20 trillion dollars. Soon will be spending more on interest payments on our debt then we do on our military.
Could the whole world go into super inflation at the same time; like a chain reaction?
Worst case, the USD is rejected by multiple world powers as the reserve currency, and is replaced and everything happens off of that.
Venezuela's Inflation Rate is projected to hit 1600 to 3500 percent in the next year. (Source: IMF World Economic Outlook)
The shit has officially hit the fan people.
Was it inevitable? Will it happen to other countries?
I know the US debt just passed 20 trillion dollars. Soon will be spending more on interest payments on our debt then we do on our military.
Could the whole world go into super inflation at the same time; like a chain reaction?
The shit has officially hit the fan people.
Was it inevitable? Will it happen to other countries?
I know the US debt just passed 20 trillion dollars. Soon will be spending more on interest payments on our debt then we do on our military.
Could the whole world go into super inflation at the same time; like a chain reaction?
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