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


To: regli who wrote (59250)4/23/2006 10:22:26 PM
From: philv  Read Replies (1) | Respond to of 110194
 
The consequences may be even worse, as it could spell the end of the economic/monetary system as we know it.

The dollar would quickly become worthless, and I doubt the bag holders would simply shurg their shoulders in acceptance. All effort would be made to somehow collect, and where that leads is anybody's guess.