default would mean not paying the interest due on its treasury notes/bonds, this is false since the money to pay interest can be created out of thin air and by clicking a button on a computer screen, I think default occurs when the purchasing power of the dollar collapses, which I think has happened already once it took $250 to buy an ounce of gold and today it takes $1600 of those very same dollars. gold is hated by central banks since it reveals their theft of the citizens wealth.
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