2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

GLD 378.35

+2.7%

Nov 10 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Elroy Jetson who wrote (109865)	1/19/2015 12:30:16 PM
From: Horgad	Read Replies (1) of 217656

I think that " pondering whether or not a country that has all of its debt issued in their own currency ever would default" is a moot point. So for example imagine in the future that the US economy collapses forcing them to pay all debts with printed money as the dollar crashes because everybody in the world is fleeing dollar. Does it really matter to say China if US is repaying them with worthless dollars or not repaying them at all? Does it really matter to Social Security recipients if US send them benefits in worthless dollars or simply stops paying them? I don't think so. I do think however that having all you debt issued in your own currency and spread all over world makes it much more difficult for anybody to unwind or abandon or untangle from the dollar. Its the old adage "“Owe the bank $1000 and they own you. Owe the bank $1 million and you own them.” But that only goes so far and works for so long at delaying the inevitable results of too much debt...

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next