Just like Iceland, Greece, Ireland....

No, we're not in the Eurozone, and we don't need the IMF to throw us a life line. We have our own central bank, with our own printing press, and the US dollar is still the dominant international currency.

But we do have this pesky thing about our debt, and a new congress with Tea Party people who threaten not to increase our national debt ceiling. That might put the US into immediate default, unable to pay interest on our debt.

It's never happened before, but that doesn't mean it's impossible or even improbable. Just because we are the US of fuckin' A doesn't give us immunity from going bust.

Let's play a little game though, and follow the dominoes, if the USA officially declared bankruptcy......

What would the first events look like?