[NRx]

FWIW I rather disagree with Warner’s apocalyptic view of a coming hard default. Yes, there will be a mass default, but it will be a soft one. The traditional solution to excessive sovereign debt can also be easily applied to private or corporate debt. Flooding the world with newly printed money will have the effect of inflating away a lot of this debt.

[The Duke]

I believe the future will be decided by how much of Africa's natural resources China can purchase with US dollars before the dollar's value begins to collapse.

If China is left holding inflating US dollars I expect war. If Africa is left with the hot potato of US dollars then we'll avoid war, but China will become the next global superpower.

Either way, Las Vegas probably needs to brace itself to receive hordes of suddenly-monied Africans in search of hookers and blow.