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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 414.48+0.7%Jan 9 4:00 PM EST
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To: Julius Wong who wrote (168198)2/6/2021 9:43:23 PM
From: TobagoJack  Read Replies (2) of 219219
 
some examples of cancelled national obligations

of empires and kingdoms long gone, and of states still around

but some obligations still good, and others collectors curiosities

common denominators easy to spot by ocular inspection :0)

so, no, let cancellations is not a good sign, even as it be the correct decision at whichever juncture

a reason the aftermath of the Napoleonic wars was less horrific than the German outcome post WW1 was the hard currency stance of Napoleon, that he would never ever print paper money, and entirely spend what he has of rooster coins, such that whilst France was defeated on the battle field, was still okay in the monetary universe

the last pic, the national obligation of Carthage issued immediately before its sacking, is still money-good this day.







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