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Gold/Mining/Energy : Precious and Base Metal Investing
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To: Bill/WA who wrote (12356)6/13/2003 9:23:34 AM
From: russwinter  Read Replies (2) of 39344
 
<Opinion?.

If the implicit guarantee were actually executed it would bankrupt the government. I think they are running out of guarantors and insurers. Of greater concern is the borrowing capacity (if I understand it correctly?)with the Treasury, as a lot of that may not get paid back. May have already bankrupted the US Treasury.

This is an important enough issue that I started a thread specifically dedicated to the credit and bond bubble. I hope this becomes well visited and used "before the shit hits the fan big time", not after? :
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