Greece Defaults. What now?

[generic-user-1]

padib said:

sc94597 said:

Yep. I have no confidence that any of these countries will stop what they are doing: going back and forth on interest rates until their bubbles get bigger and bigger due to malinvestments (directed by said interest rates), bailing out said malinvestments, while they amass trillions of dollars worth of debt which they'll never be able to sustain. There will be a larger recession than the one in 2008, hyperinflation, and higher unemployment everywhere. Furthermore, with the growing economic powers in the second and third worlds global wealth distributions will more often transfer to these other, more stable regions. The cause of this? Cronyism.

Who would they be defaulting to? If every country defaults, then who is going to enforce the rules of debt?

This cycle of chaos will only lead to war.

what rule of debt? greece doesnt want to default that why there is all this talking.