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Podcast: The American Enterprise Manifesto: My America's Vision of Peace and Nonviolence for Humanism
Episode: USA and Chapter 15 International Bankruptcy Law
Description: USA and Chapter 15 International Bankruptcy Law ...If not now in the near future, when and why.
When USA, is adjudicated insolvent and two or more creditors file for dissolution of assets to get payment 0f principal plus discounted values and/or accrued interest.
Why the creditability is in question compounded by Federal Reserve actions to prevent such a strategic move for political gain. i.e., China, Russia, Iran, North Korea, Japan and other exporting countries, using credit ratings to wait for payment of Treasuries and the future interest yield.
Likely such an event...