Consequences are coming soon.
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Unless much/most of it is voided/cancelled.
Jubilee except what is owed to other countries.
Yeah, i'm thinking collapse of IMF, can't owe a debt to something that does not exist. many countries are also crippled by their IMF debts.
Or even just giving them the one finger salute and issuing our own currency, anyone we'd worry about coming after us are members of BRICS now anyway.