cross-posted from: https://sopuli.xyz/post/42490856
Obligatory damn clankers.
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If the US defaults, America as an empire collapses. It could be as small a deal as a massive period of restructuring, or it could mean the death of billions and the end of modern life
It sure as hell won't be a better world for the banks though, they'll invent new types of math to keep the game going a little longer
There is no America as an Empire.
It would be no different than an extra difficult government shutdown. I predict that the government would be forced to start selling off properties to run the IRS and make settlements with the banks.