snakenobi on 01 January 2012
| Wh1pL4shL1ve_007 said: So what happens if a nation "Defaults" |
there currencies will devalue
like indian 1 rupee = 52 dollars us
it be indian 1 rupee = 20 us dollars
indians will be able to buy more stuff after collapse compred to now.
this was just an example,this can be applied to currency conversions across the board
when devaluation happens,USA and European standard of living will drop big time as they overconsume at the moment
and because people don't understand the economics and why this happens,there will be chaos and they might rebel causing alot of shit
