It has been rumored Trump can do what businesses do- renegotiate debt , not quite declaring bankruptcy but if has sense. Our $22 trillion debt is split up roughly 60/40....$13 trillion owed to the Federal,Reserve, the other to US Treasury. We can not default to Treasury, but as the Federal Reserve is a PRIVATE company, it can be renegotiated. I believe our interest payments are around $200 billion a day to the Fed, renegotiate ( default) and bingo- we go to $12,$15 etc trillion in total debt. Experts claim it would only “ hurt” for about 3 years, USD would crash, T bills crash, bonds crash, a total, huge, RESET....start over with say only $14 trillion in debt.,dollar goes from current 96, down to say 50, nations flock to buy our goods....
Oh, I missed the best part, as the world’s reserve currency loses its status, gold is naturally revalued , some of the experts say the value would be from $5K oz to $20K...that’s why it is so important to audit our gold reserves, many say our reserves ( supposedly the largest in the world, Russia and China is second,) have been sold off to a fraction. IF we have the 800,000 million oz ( from memory) our dollar bounces back in value.
“I believe our interest payments are around $200 billion a day”
You might want to recalculate that thought.