Its turtles all the way down. US debt isn't just money the US owes some guy sitting on a pile of money. The debtors owe debtors owe debtors - nobody has a Scroo

Its turtles all the way down. US debt isn't just money the US owes some guy sitting on a pile of money. The debtors owe debtors owe debtors - nobody has a Scrooge style money pit sitting around. It is a house of cards, but it isn't one with a clear winner and loser. A loss of faith in international credit destroys all economies.