Nonsense

John Mercier · 01-23-2022, 05:14 PM

Here, it would be very quick.

There would be a run on the banks... because FDIC does not cover foreign banks. There would be an immediate recall of all FHA/VA and similar backed-mortgages... because they don't cover foreign properties; and the foreclosure timeline is fairly long.

The hospitals would refuse to take Medicare patients, because your Medicare does not cover hospitals in foreign institutions... and the remittance of reimbursement from the federal government takes months... so they wouldn't support risk; especially private doctors.

After that it would just cascade...

01-23-2022, 05:14 PM	#11
John Mercier Senior Member Join Date: Jun 2021 Posts: 3,978 Thanks: 3 Thanked 678 Times in 561 Posts	Here, it would be very quick. There would be a run on the banks... because FDIC does not cover foreign banks. There would be an immediate recall of all FHA/VA and similar backed-mortgages... because they don't cover foreign properties; and the foreclosure timeline is fairly long. The hospitals would refuse to take Medicare patients, because your Medicare does not cover hospitals in foreign institutions... and the remittance of reimbursement from the federal government takes months... so they wouldn't support risk; especially private doctors. After that it would just cascade...

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