-FDR defaulted on gold as money to the people of the US. He lied to them saying this was a temporary crisis and the government needed their gold to save the system.
-Nixon defaulted to the international community on gold telling them that they would no longer redeem dollars at $35/ ounce of gold. He lied to the world and said it was because of speculators. He also said it would be temporary.
-Now we have 20 trillion in US debt and growing exponentially. It is mathematically impossible to pay off. So will the results be similar to the past monetary problems? Will default be the solution? Trump has stated that he may want to renegotiate the debt. How would that work?

“I’m the king of debt. I’m great with debt. Nobody knows debt better than me,” Trump told Norah O’Donnell in an interview that aired on “CBS This Morning.” “I’ve made a fortune by using debt, and if things don’t work out I renegotiate the debt. I mean, that’s a smart thing, not a stupid thing.” “How do you renegotiate the debt?” O’Donnell followed up. “You go back and you say, hey guess what, the economy crashed,” Trump replied. “I’m going to give you back half.”

Now read this…http://thegreatrecession.info/blog/global-epocalypse-inevitable/