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    Won't the super-rich be hurt the most if the USA defaults on its credit?

    They hold the securities than will be defaulted on

    +6  Views: 514 Answers: 6 Posted: 12 years ago
    melandrupert

    Good Question Producer TU for that

    6 Answers

    The middle-class and poor will get the shellacking!

    I think we all loose, higher interest rates higher prices on everything. Our government is getting to be a huge ugly monster and if we wind up having tax increases to support the huge monster it will hurt everyone. Hopefully the politicians will get a handle on spending, somehow I doubt they will and this recession will and is already a depression.


    Great question again, thumbs up Producer.

    Reading all the Answers it sounds like you are talking about the UK, looks like we are in the same Boat SINKING

    IamPamela313

    Its unfortunate, but true.

    No because the rich has all the money still.

    They most likely have everything stashed in Swiss banks.

    the super rich have no worries it's off to the french riveria with their gold bollion minted in china while sipping white wine importated from spain.



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