Default has happened in America multiple times just in past century. soft defaults. Will happen again on larger scale. Bitcoin will be ushered in.
•1913 - Start of Federal Reserve
•1933 - FDR revalued the dollar compared to gold from $20 to $35/oz. Executive order 6102.
•1944 - Bretton Woods agreement tying the world to the dollar backed partially by gold.
•1964 - US took the silver out of the coins.
•1971 - Nixon took the gold out of our currency, rendering it just a piece of paper.
• 2008 - GFC where the “endgame” of bailouts started.
•2022 - US froze ~$600 Billion of Russian assets.