The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: John who wrote (34598)	1/21/2011 2:35:02 PM
From: roguedolphin	1 Recommendation Read Replies (3) of 71479

<<"Unsecured creditors will receive 5 cents to 20 cents on the dollar for their claims under a reorganization plan Vallejo, Calif., filed Tuesday in federal court. “The city regrets that it cannot pay a higher percentage,” Vallejo officials said in the court filings. “The city lacks the revenues to do so while maintaining an adequate level of municipal services, such as the provision of fire and police protection and the repairing of the city’s streets.”>> This "pennies on the dollar" reorganization will become an epidemic across the land. The economy is completely broken. Will the US Treasury debt face the same fate in the future???? The Federal Reserve is bankrupt too....NO??

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