They don't have to wipe out the core debt. They will just refinance and extend the debt limit and continue to be able to collect the interest. That's how it works.
Which means that money will be printed out of thin air and there will be backdoor inflation even though all the indices will indicate there is no inflation.
Just like here, in the States.
4 posted on 09/29/2016 4:12:42 PM PDT by Parmy
(II don't know how to past the images.)
14 posted on 09/29/2016 5:31:19 PM PDT by SkyPilot
("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)