It makes no sense that raising the debt limit of the largest debtor on the planet would raise the value of that debtor's currency in terms of gold or silver ... the way to tank precious metals would be to inject some sort of meaning into a fiat production, and none of our nations has the will to do that, far too few of the voters know or care anything about such matters ... there's a recent Peter Schiff youtube in which he says this quite amusingly, something like 'The chinese don't vote in our elections, and we're going to pay them off? - Hah!'
There will be default, there has to be, no sovereign nation has ever paid off any sizable state debt, and a 'democracy' with a dumbed-down electorate is the last place it's ever going to start ... politicians are not stupid, they know the only way they'll stay in business is to keep the default to the steady creeping style, continually erode the value of the currency of debt denomination
With a cash crunch once in a while, 'liquidity event' ... wise to have some buy power set aside for these, for sure, i just cannot do that in stock accts, the little buy buttons keep whispering to me ... more softly some times than others, is their saving grace |
