Savvy Trades and Investments

[Mermelstein]

How exactly would the US default on bonds, when they can print unlimited amounts of money?

The US will never default. They'll print their way out, because they can. Which is exactly why it has made no sense to be in cash since about April of last year. In fact, any cash you've had sitting idle has lost about 10% of its value in real terms. I'm sure that will only get worse. You also have to consider that the US dollar has lost about 99% of its value since inception. That's the power of inflation. It's also the power of why $10,000 invested in the S&P in 1960 would be worth $30 million today.