National Debt

I'm not as pessimistic as you but the vast majority of countries allow derivative trading.

At any rate there's no telling when it would occur.

But our population and wealth is nothing compared to the US also.

Agreed, but at least out government is actually somewhat tackling the problem. In the US they just keep increasing the debt ceiling.

Very basic but, they can afford to print the dollar, it's the world's currency. Especially when China keeps buying it.

Agreed, but at least out government is actually somewhat tackling the problem. In the US they just keep increasing the debt ceiling.

Thats true, plus the fact that all our political parties seem to be agreeing that the debt needs to be paid/reduced (at least to a acceptable % of GDP) and realise that important things will also need their funding cut where as in the US both the democrats and the republicans are acting like children since neither wants to accept either of the other parties solutions, its a good thing that they have clauses in their political system which forces them to work together otherwise the US government would (and probably will be at its current rate) would default pretty easily.