We are way worse off than Greece. The US would have its cash station machines spitting out IOUs if it were not for the fact that we are the only RESERVE CURRENCY - Period. We are capable of printing money just like Obama did with his $10 trillion spending spree on nothing. No shovel ready projects were done, and none were created, BUT we went another $10 trillion in debt. We are a FIAT currency.
Other countrys do not have the luxury of starting up the printing press and require loans to go into debt. This creates situations like what is going on in Venizuela. And when China and Russia create a barter system to get around the US Dollar, you will see it crash. Once this happens people will lose faith in it, go to BIT COIN, Gold and other currencies (as a hedge). A weak US dollar will prevent other countries from wanting to buy our bonds as they will get paid almost no intetest on a devalued dollar. From there....>We have to print more money again, but poeple will get sick of it.
From there, we will hit debt ceileings, banks will not lend, and we fall harder than in 2009. This time we will not have the ability to bail out like we did in 2009. Then it is worse than Greece as Germany will not bail us out like they did in Greece. Save your beans and bandaides.
