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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: tyc:> who wrote (66191)7/14/2009 6:38:43 PM
From: philv1 Recommendation  Read Replies (1) of 78409
 
Just my 2 bits: I doubt we will see any significant defaults, and certainly not from the US. It would throw the whole world's economic system into shambles. I can see a long term sneaky type of default, ie money printing & inflation.

As long as a country has taxing authority, how can it go into default? The citizens will just become debt slaves thanks to their government.
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