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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (37156)	7/28/2005 4:53:34 AM
From: shades	Respond to of 110194

Agreed, politically this list is impossible, half of it is impossible. A police state of much greater magnitude than we have now would have to come to power to implement these ideas - what is the color of the terror alert today? hehe What happened in germany when the world didn't forgive their debts? Why did we forgive the war debts of the recent past? Will anyone show the same courtesy to us? hehe

To: Lee Lichterman III who wrote (37156)	7/28/2005 10:03:48 AM
From: Crimson Ghost	Respond to of 110194

Re: US debt forgiveness. The US has run up huge dents to poorer countries by living beyond its means for many years. It has been able to do so because of the dollar centric international monetary system. The idea that foreign debt holders (mainly China and Japan) should forgive some of these debts even though their citizens do not live nearly as well as most in US is the height of arrogance to put it mildly. Pushing such an idea likely would escalate the already huge anti-American sentiment abroad exponentially. I doubt even the Bushies are stupid enough to fall into this trap.

To: Lee Lichterman III who wrote (37156)	7/28/2005 2:17:27 PM
From: NOW	Respond to of 110194

really makes me think he must have early alzheimers...

To: Lee Lichterman III who wrote (37156)	7/28/2005 2:36:51 PM
From: futures speculator	Read Replies (1) \| Respond to of 110194

Good idea!!! I never understood why we decided to get rid of the 30 year just as rates were at their lowest in decades. Why not lock in low rates for the long term on our massive debt? Read my scenario: Reduce US avg debt duration to 4 years, half of it is very short term. US could engineer a big currency devaluation 30-50% of USD and pay this debt with sharply depreciated dollars. US will suffer a mild recession for a couple of years and start over. What makes some people think that nobody will lend to US anymore? Remember, nowadays, MOST OF THE CAPITAL is the hands of very few people (i.e. the rich got richer). Most of those people are US citizens. I'm sure many of them will still be parking it in Treasuries, regardless of what US does. Have you seen the borrowing rates of dotcom bankrupt corporations? How about Argentina? Poland just issued 50yr bonds a few weeks ago.