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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 386.01+1.6%Nov 12 4:00 PM EST

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To: TobagoJack who wrote (61533)2/27/2010 6:43:44 AM
From: elmatador  Read Replies (1) of 217735
 
Stop making parallel with Greece 2010 and look to Argentina 2001 when:
Some of the provinces are in dire economic straits in their own rights. Several have been forced to pay state employees with provincial bonds because they do not have the cash to pay salaries. The country's 23 provinces owe $22 billion in debt, on top of the $128 billion owed by the federal government. Most are considered to be in such precarious financial condition that lenders and investors refuse to advance them any more cash

thefreelibrary.com

Then they defaulted
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