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Podcast: The Mark Moss Show
Episode: The US Debt Can’t be Repaid - So What Will Happen Instead?
Description: What happens when the Government's debt can’t be repaid? Well, it’s different than when it’s your personal credit card debt, vs the government's debt.But it’s also sort of the same, meaning… if the debt can’t be repaid, there will need to be some sort of agreement… For example, on personal debt, you might negotiate with the lender for smaller payments spread out over a longer time frame. A debt restructuring… or sometimes it’s just like sorry, I can’t pay it, and it’s an outright default. Or sometimes, it...