Is the United States going to default on it's debt and plunge the global financial system into a crisis of never-seen-before proportions?
Not necessarily only the ones that lent you the money
The rest of the world would feel the collapse but not as badly as most think.
Why this has come to a head now?
You have been borrowing more then you should now your screwed it could be managed but it will get worse if you just raise the sealing and go on like nothing is happening.
What is likely to happen?
Your money in the bank forget about it its gone, the same thing happened in Iceland people wanted to get some cash from their accounts banks said no.
What could happen (worst case but reasonably possible scenario)?
Countries that want their money back get nuked by the US, people in the US get fucked big time 3d world country big time
What are the consequences?
The people that lent the US money will want it back and just about everything the government owns can be lost to foreigners to pay off that debt.
Who can we blame?
Yourself for not stepping on your governments feet when the time was right.
Edited by frako, : No reason given.