What will Happen when the USA declares Bankruptcy and defaults on all Central Bank/Federal Reserve Loans?

When a person defaults on a Mortgage the Bank keeps the house and evicts the tenants. Will that happen to the USA when it officially declares Bankruptcy. Will the Banks evict USA ...show more
Answer:

Global economic shi*storm

BFO74GMMN37VBS7PDII43W5754 at Yahoo! Answers Visit the source

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Other answers

All money will be worthless, and the Chinese will collect all our wealth to make up for it.

Uri Smendrick

Countries do no go bankrupt. They default, and that undermines their credit worthiness. No one will purchase our bonds or invest as easily which will weaken our economy. For the idiot who gave me a thumbs down...how about educating yourself? http://www.newsweek.com/2009/10/28/up-against-a-wall-of-debt.html

Stereotypemebecauseyouknow

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