jbaldyga

Well, people will probably buy those two currencies as well. US default would result in broad depreciation of the dollar compared to many currencies.

jbaldyga

Some thoughts top of my head in no particular order: Negative interest on CHF, your hair dresser speculating in gold futures, China asking the US to use Alaska (or any other state or collection of states) as collateral for Treasuries, Bill and Melinda Gates Foundation issuing synthetic risk free instruments, Saudis leasing US military kit paying in oil