tag:blogger.com,1999:blog-6244999628674918029.post3940115796731878431..comments2024-03-29T10:30:32.188-05:00Comments on Bayou Renaissance Man: Financial truth - it's not rocket science!Peterhttp://www.blogger.com/profile/10595089829300831372noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6244999628674918029.post-59281881209477330032012-12-10T06:21:21.019-06:002012-12-10T06:21:21.019-06:00Oleg, government default would trash the entire co...Oleg, government default would trash the entire country's credit-worthiness on international currency and financial markets. That would have an inevitable impact on private financing.<br /><br />Also, it would debase the currency by undermining its value, which would also affect everyone using, buying, and being paid in that currency.<br />Peterhttps://www.blogger.com/profile/10595089829300831372noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-8010378659926748392012-12-09T23:44:13.912-06:002012-12-09T23:44:13.912-06:00Would default on government debt have much effect ...Would default on government debt have much effect on private credit-worthiness?Oleg Volkhttps://www.blogger.com/profile/06547911680603650247noreply@blogger.com