China, Spain, Portugal, France, Great Britain, the Ottoman Empire, and Argentina all defaulted on their debt. Some of those nations were Great Powers at the tim

China, Spain, Portugal, France, Great Britain, the Ottoman Empire, and Argentina all defaulted on their debt. Some of those nations were Great Powers at the time of their default. If the United States defaults, it will lead to breadlines, but not to Armageddon. In conclusion, calm down. Stop reading every blog post on the national debt. Stop pulling up every tired Mad Max reference you can muster. And certainly stop telling your neighbors to hide gold under their floor boards. Your company might not be here in a few years, but the United States and the global economy probably will.