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

To: RJA_ who wrote (59203)4/23/2006 11:46:39 AM
From: studdog  Read Replies (2) | Respond to of 110194
 
Re: owing China
Reminds me of a J. Paul Getty quote: "If I owe the bank $100, that is my problem. If I owe the bank $1,000,000, now that's the bank's problem."



To: RJA_ who wrote (59203)4/23/2006 11:57:30 AM
From: UncleBigs  Read Replies (2) | Respond to of 110194
 
Reneging on debts owed to China won't be characterized as a default.

It will viewed as a confiscation of money stolen from the American people.



To: RJA_ who wrote (59203)4/23/2006 5:35:55 PM
From: crustyoldprospector  Respond to of 110194
 
"Above scenario will not happen, because it is suicidal."

It hasn't proven suicidal to Argentina, and that is the analog here.


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