In debt to Whom?

Of course, along comes a sick, cruel, corrupt *Dictator Wannabe who believes he can wish away the United States debt. The result of the U.S. defaulting on its debt would be similar to a few dozen thermonuclear devices simultaneously detonating in the major financial centers around the world. Just gotta' love the chaos. The one redeeming consolation is that the ^Basement Dwelling MAGA would taken down with the rest of us.

I suspect that if the US refused to,pay its debts, it would end the confidence that the US currency enjoys, resulting in a different currency taking primacy in international transactions. Trump is terrified of this, for good reason. Look at his threats regarding a BRICS currency that does not even exist.

Trump repeats tariffs threat to dissuade BRICS nations from replacing US dollar

“We are going to require a commitment from these seemingly hostile Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs," Trump said on Truth Social in a statement nearly identical to one he posted on Nov. 30.

Rather than a new BRICS currency, international traders might be attracted to the Euro.