Sean Foo and Greg Mannarino Thursday PM 2-23-2023
America’s Default Will Collapse The World - The Doomsday Scenario
Sean Foo: 2-23-2023
What if the United States defaults on its debt? What if the unthinkable happens?
Whether congress refuses to lift the debt ceiling or a default happens decades from now, the consequences will be disastrous for not just the US, but the entire global economy as well.
We will have currency crises, a bond market implosion and even the rise of new reserve currencies.
Here's what you must know about a default doomsday scenario.
Timestamps & Chapters:
0:00 The Debt Ceiling Crisis
1:00 The Immediate Fallout
4:03 Fleeing The Dollar
6:30 An Inflation Disaster
9:38 The Economy Is Doomed
11:47 A New Reserve Currency?
14:52 Reducing The Debt
US GDP NEGATIVE. INFLATION CONTINUES HIGHER. BLOOMBERG STAFF LAUGHING AT FAKE DATA!
Greg Mannarino: 2-23-2023