80% of bonds are held domestically, and it's what US banks use to back deposits. If the US government stops paying its debt, your money in the bank will vaporiz

80% of bonds are held domestically, and it's what US banks use to back deposits. If the US government stops paying its debt, your money in the bank will vaporize. And no, the FDIC won't be able to restore it. That's among the least bad things that will happen.