In the company of Nazis
Monday, October 14, 2013 10:50 AM
The United States would cement its place in history along with Nazi Germany if it defaults on its debts, InvestmentNews reported. If it defaults, the United States would become the first major western government to default since Nazi Germany 80 years ago. "These are generally catastrophic economic events," said professor Eugene White, an economics historian at Rutgers University. "There is no happy ending."