What Would Happen If USA Stopped Paying Its Debt?

What would happen in the world and in United States if USA defaulted on it's debt?

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[TheInfographicsShow]

Also watch our video "What If The US Paid Off Its Debt?

[ManDryver]

Only 21 trillion in debt? - Ahh - those were the days

[vedantathavale]

Printing money to pay the debt ...that's funny .
I think he forgot the great German recession in 1921.

[jackkrieger]

Hard times create strong people.Strong people create good times, good times create lazy, weak, selfish and corrupted people.These people bring hard times again.

[rasulbogdan]

Well well well, look at what we have here.

[JesusMeza]

Something that I really appreciate from you guys is that you have subtitles so thank you.

[sickle]

When someone steals your money, you get upset, but when someone steals the value from your money by printing more, no one seems to mind.

[zero]

If the gov't paid 100 million dollars a day towards the debt it would take almost 600 years to pay it off completely. 350 billion dollars a year just to pay the interest on the debt. Those numbers are just mind boggling to me. I feel bad for the future generations of this country

[Philson]

Wow. Printing money to pay debt. Sounds like magic eh?

[darellarocho]

Wait, printing money just like that to pay a debt? I'm pretty sure that's not how the economy works. Was the dude being sarcastic when he said that?

[Shadow]

It is true the U.S. can always print as much money as they need to pay debts. What's not known however is how long will other countries actually believe the dollar has any value? Once that trust is gone - POOF! Paper money (fiat) is ONLY as good as the trust the people have in it.

[erinv]

It’d be the Great Depression all over again...

[Caveman_NoGico]

Who else looked for this video because of the rumor of the US defaulting in October

[vencibushy]

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered.... I believe that banking institutions are more dangerous to our liberties than standing armies.... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."

Thomas Jefferson

[alvinromo]

The U.S stops paying its debt...



Me:
Learns Mandarin
Converts all currency to Renminbi
Becomes table tennis master...

[factsland]

Unlimited printing of US dollars will definitely be the cause of hyperinflation and you don't have to be an economist to understand what the consequensies will be. Just take a look at Venezuela.

[AgentSmith]

Printin money to pay for debt... sound familiar.

[dolphin]

If you print money the value of the currency will drop

[Mrjmaxted]

For the record, Alan Greenspan, the economist cited at the end saying the US can always print money to service its debts is one of the key figures responsible for the financial crisis of 2008. His long tenure as chairman of the federal reserve was marked by a refusal to regulate runaway financial industries, under the blind notion that the invisible hand was more imperative than peoples' financial security.

[historyhub]

Sorry to be random but thank you to @The Infographics Show for representing the disabled community in the thumbnail of this video, as a handicapped person this means a lot to me