If the US defaults...

There is a distinct possibility that we will default on our public debt in the United States. You'll see warning signs before this actually happens, here are a few Pseudo headlines that might forewarn you:

• U.S. Treasury defaults on bond payments.
• U.S. Treasury suspends principal payment on public debt
• U.S. Treasury suspends interest payments
• U.S. freezes all foreign currency reserves to stem outflows
• U.S. negotiations with World Bank for relief loans ongoing
• U.S. sells public lands, Yosemite on the auction block
• U.S. forms Resolution Liquidation Corporation to dispose of assets to pay for public debts

They will trot out plans to help "save" the economy. One might look like this:

• Replacement of the existing currency by the Amero at a parity exchange rate $ 1.00 = Amero 1.00)
• The freezing of 80% of private assets for 18 months
• An extremely consumption high tax on all financial transaction
• Indexation of taxes to inflation
• Increase in the taxes charged by public utilities
• "Temporary" freeze of wages and prices

Here are some links that make for good reading.

http://en.wikipedia.org/wiki/Hyperinflation
http://query.nytimes.com/gst/fullpage.html?res=9B0DEEDB113CF932A15751C0A961948260
http://archive.newsmax.com/archives/articles/2002/10/3/205747.shtml
http://en.wikipedia.org/wiki/Plano_Collor