2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 455.37

+3.1%

Feb 6 4:00 PM EST

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To: TobagoJack who wrote (67805)	11/4/2010 11:35:54 PM
From: RJA_	1 Recommendation Read Replies (1) of 220085

>>if i were the potus, i would - rip the heart out of wall street - declare global default - zero out credits and debits - shrivel govt sector by 75% - reset money - and get on with life Simple and quick. All the drek cleaned away after shock (quite alot of shock, actually). Not sure about the awe part. Probably depend on which side the military decided to be on. One problem with all that is the default. Treasuries are held as assets at the heart of the banking and financial system. Bank examiners (I used to be one) are required to hold obligations of the US Govmt as the highest rated of all assets, and make up bank reserves and the maximum safe assets in trust departments. They are also held by municipal governments as investments and as assets in pension plans for the same reasons. Very bad for credibility to show that to be idiocy. Not of course that this all hasn't happened on repeating basis over historical times. Folks keep trying to make alchemy happen, by stealth, secrecy, lying and denying... Things can get rough at the end, and I would really rather not go through that.

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