U.S. must either declare default or trigger a war!
MOSCOW, Russia - March 19, 2009 - The United States is the largest borrower in the world. The U.S. national debt has already exceeded 11 trillion dollars as of the beginning of 2009 and continues to grow like an avalanche. Experts say that the U.S. has only two ways to solve the problem: either declare default or trigger a war.
According to experts’ estimates, the probability of default on U.S. treasury bonds is very high at the moment. The rumors are not new at all. Moreover, experts say that the U.S. has already started to work on a plan to avoid debt payments.
Dmitry Abzalov, an expert with the Center for Russia ’s Political Conjuncture, said that governments currently take on the debts of corporations. “The corporate debts crisis thus becomes the crisis of governmental debts. The U.S. debt in the beginning of 2009 amounted to $10.6 trillion. Taking into consideration the current deficit budget of the United States, as well as the expected budget deficit during the current year, it becomes clear that the U.S. Treasury bond market is based on no alternative whatsoever. There is no other way for investors to invest their funds with treasury bonds being the only option,” the expert told Bigness.ru.