Q&A: Can somebody tell me what would happen if the US was to default on its debt?

Question by Tee: Can somebody tell me what would happen if the US was to default on its debt?
How that would affect the economy, stocks, and commodities in general. Take a guess at how events would unfold.

Best answer:

Answer by Tim
Value of the dollar could decline forcing a massive hyperinflation bubble. 1920’s post war Germany and the mark would be a prime example of such events under the Weimar Republic. In 1923, the value of the mark was 4.2 trillion marks to a single dollar. A pint of milk cost consumers 30 billion marks.

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