Quote from total_keops:
One thing they may provide is the "insurance" against default on those bonds so the yields should decrease and they will fund their debts at better yields and wont get into an infinite spiral of raising cash to repay the higher debts until default. It will also lower the pressure on the European and international banks who have loads of those debts.
But how Wall street is going to see it is another story that we will see tomorow.
they can't repay their debt
they must default all together, after that they must introduce constitutional law - budget deficits are not allowed. those who will want to introduce them back must be executed
there are only 2 possible outcomes from current situation
1. bailout everyone , get hyperinflation then get years of deflation
2. default, get years of deflation
what would you choose?
