$1B betting the United States will lose its AAA credit rating.

Re:$1B betting the United States will lose its AAA credit ra... by euroclydon on Thursday July 28, 2011 @08:08AM (#2816355)

The rating is only concerned with whether he country will pay back it's debt on terms. Only paying back 99% is a binary default. Italy uses the Euro, which it doesn't own. The US owns the dollar. The Treasury could mint $1B coins today and sell them to the Fed for the cost of the metal.