The words “Bankruptcy” and the “United States” do not go well together. And both of the words flew out of Obama’s mouth when giving a speech calling on Congress to pass the budget. In the hypothetical situation in which the US went in bankruptcy, there would be clear consequences: the stock market would collapse, the dollar would crash and the US would be less influential. The two formers are somewhat predictable, but why less influential?

This is my humble understanding of the situation. China and Japan, leading foreign creditors of the US debt, would see how their long-term contract with the US through bonds is not as rentable as it should be. And they would stop the tricky game of “lending” money to a country whose fall is an easy one to see. Those countries might or might not turn to other world powers,  but they would not look after the US, guaranteed. How would the US would pay for its debt without the so needed international borrowing? If the US becomes risky for inversors, would the US debt be classified as junk debt then? Rating agencies have been making conspiracies about other countries, scoring them poorly and playing the easy but shitty game of “I am part of the rich, you are part of the poor.”  And we will see, hopefully, how they score their own- loving America.

Standard & Poor´s already downgraded the outlook for the US to negative, directly impacting the stock market. I wonder if God is still in America helping out or if He is planning on moving out to a richer area when possible.