The Differences Between America and Germany

America has never defaulted since 1776 we've never once defaulted will this be the first time we do no one knows we'll find out in the next four to eight weeks. The us treasuries are considered the safest and most liquid assets in the world it's seen as pristine collateral or tier one asset even though some people recently Basil III is not looking as gold as being a pristine collateral but still us treasure is all the way at the top. So if we look at all the six and see what things they have in common this is what you would find economic mismanagement political instability external shocks and unsustainable debt levels. Many don't think default what actually happened so now let's just