10 Things That Would Happen if the United States Went Bankrupt

The specter of the American government declaring bankruptcy gets trotted out particularly often any time there’s a change in the majority party. Because we’ve been told for decades what a large, scary number America’s National Debt is, the populus fears that the time when it causes another Depression could come at any time. It couldn’t even be said to catch us by surprise, since there were many alarmists that would be able to tell us that they told us so.

→Subscribe for new videos every day! https://www.youtube.com/user/toptenznet?sub_confirmation=1

Find more lists at: http://www.toptenz.net

Entertaining and educational top 10 lists from TopTenzNet!

Subscribe to our Facebook: https://www.facebook.com/TopTenz/

Business inquiries to admin@toptenz.net

Other TopTenz Videos:

What Would Happen in a World WITHOUT ANTIBIOTICS
https://youtu.be/NilGrhbmhtE?list=PLQ4d2-ByGhnL72IcdJzPXC7DNyxk9KA6K

What Would Happen if CALIFORNIA SECEDED from the Union (America)?
https://youtu.be/qfGtMGoEwaw?list=PLQ4d2-ByGhnL72IcdJzPXC7DNyxk9KA6K

Text version: http://www.toptenz.net/10-things-happen-united-states-went-bankrupt.php

Coming up:

10. Massive Shortages Across the Board
9. Banks Will Empty Out
8. Chinese Currency Will Collapse Too
7. Barter Economies Will Be Ready
6. Selling Off Public Property
5. Many Will Be Driven from Their Homes
4. Bond Lawsuits
3. Demanding Money from the World Bank
2. Get Away With Not Paying All Debts
1. Massive Increases in Violent Crime

Source/Further reading:

http://www.businessinsider.com/what-happens-when-a-nation-goes-bankrupt-2011-9
https://www.nytimes.com/2016/04/14/business/dealbook/living-wills-of-5-banks-fail-to-pass-muster.html
https://www.thebalance.com/u-s-debt-to-china-how-much-does-it-own-3306355
http://reason.com/archives/2009/05/12/barter-country
http://www.westcoastbk.com/blog/2014/11/should-the-federal-government-sell-assets-to-pay-off-the-national-debt/
http://money.cnn.com/2013/10/02/pf/federal-workers-shutdown/index.html
http://www.latimes.com/nation/la-na-puerto-rico-bankruptcy-20170503-story.html
https://qz.com/607093/the-world-bank-is-contemplating-bailouts-for-two-of-the-most-corrupt-petro-states-on-the-planet/
https://www.npr.org/2011/10/09/141195893/when-a-country-defaults-who-comes-knocking
https://www.ft.com/content/897ad5da-76a0-11e7-90c0-90a9d1bc9691
https://commons.wikimedia.org/wiki/File:20090113_bankruptcy-01.jpg
http://2.bp.blogspot.com/_oUc6WpOAwto/TMHob5UFV5I/AAAAAAAAboM/E5k9ynl9F14/s1600/usbankruptcy.jpg
https://commons.wikimedia.org/wiki/File:Buenos_Aires_-_Manifestaci%C3%B3n_contra_el_Corralito_-_20020206-17.JPG
https://commons.wikimedia.org/wiki/File:American_union_bank.gif
https://www.flickr.com/photos/colalife/16771446857
https://images-na.ssl-images-amazon.com/images/I/41V9oSHvV1L._SX332_BO1,204,203,200_.jpg
https://www.youtube.com/watch?v=ahBayUkM8vI
https://www.youtube.com/watch?v=6rzNj5-RkMo
https://get.pxhere.com/photo/wood-tool-hammer-symbol-balance-business-measure-scale-weight-lighting-measurement-wine-bottle-product-criminal-justice-decision-brass-innocence-wooden-liberty-3d-order-system-court-government-law-lawyer-legal-courtroom-judge-crime-courthouse-jury-punishment-authority-trial-guilt-judgment-litigation-judgement-attorney-man-made-object-verdict-scales-of-justice-gavel-criminal-justice-criminal-law-juridical-lawsuit-839873.jpg
https://www.youtube.com/watch?v=dlGxzzk6t9Q&t=73s
https://www.youtube.com/watch?v=IhQ-F2Mku7g

Видео 10 Things That Would Happen if the United States Went Bankrupt канала TopTenz