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EconomyCatastrophic
The Debt Reckoning
When Nations Default Together
"What if all major nations defaulted on their debts simultaneously?"
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First 24 Hours
Default Day
The Aftermath
One Year Later
The New Reality
Ten Years Later
1
Default Day
The Great Default
Major economies simultaneously declare they cannot service their debts.
Key Points
- 1US, EU, Japan, China default together
- 2Government bonds become worthless paper
- 3Pension funds devastated
- 4Credit markets freeze completely
- 5International monetary system collapses
Statistics
300T$
Debt defaulted
100%
Bond holders wiped out
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