U.S. political impasse threatens world?
Since a good deal of the world's financial system is built on the sanctity of U.S. debt making it about as good as cash in transactions. Isn't the threat of an even temporary default and a lowering of the U.S. bond rating a threat to the world's financial system at this point? In all humility since I am an American I'd think it might mean a disruption of markets and credit globally. My hope is those governing here will realize the worldwide system built on the dollar is through aquiesence and any disruption of payments would end that and send tidal waves through the worldwide economy not scene since the very early 30s globally. Is there any talk of what's happening with the U.S. perhaps not being able to sell bonds?