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

To: UncleBigs who wrote (59209)4/23/2006 12:05:37 PM
From: philv  Read Replies (1) | Respond to of 110194
 
"It will viewed as a confiscation of money stolen from the American people."

Wow, I doubt the rest of the world would see it like that. Money is lent in good faith, and should that be broken with the poor Chinese, who is next?



To: UncleBigs who wrote (59209)4/23/2006 10:14:56 PM
From: regli  Read Replies (1) | 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."

Yes, it would be considered a default and it would mean the immediate end of the U.S. dollar as a reserve currency. About the worst move the U.S. could make.


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