David Walker, former Comptroller General of the US, is quoted by David Panzner:
“We are not exempt from a debt crisis,” he said. “We’re never going to default, because we can print money. At the same point in time, we have serious interest rate risk, we have serious currency risk, we have serious inflation risk over time. If it happens, it will be sudden and it will be very painful.”
He also stated that we are less than 3 years away from becoming Greece.