"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
China Warns U.S. Debt-Default Idea Is "Playing With Fire"
“Li Daokui, an adviser to the People's Bank of China, said a default could undermine the U.S. dollar, and Beijing needed to dissuade Washington from pursuing this course of action.” I’m not sure the dollar could take much more undermining, not without something serious, like hyperinflation, happening.
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