Defaulting would mean nothing because the debt actually means nothing, any system employing a fiat currency has no real assets backing their monetary supply or debt to begin with. Wiping the slate clean with a stroke of the pen would not be a ''default'' in the true sense of the word, 40 odd years later Billy Preston still has it right, ''nothing from nothing leaves nothing''
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Today's Featured Article - Repairing A Massey Harris 22 - by John Reeves. I have just given this old girl (boy?) a replacement RH rear axle. I was lucky enough to find an axle in good shape at a reasonable price - also a replacement for the right rear brake assembly which was
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