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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Gib Bogle who wrote (12477)	12/14/2006 3:44:47 PM
From: Louis V. Lambrecht	Respond to of 218167

Unless all the property already has been sold. For instance, US harbours have been sold already. Then the creditors would not have any interest to call for bankruptcy. A country can be bankrupt in facts, but this is rather positive: once called bankrupt, the debts are effectively extinct. Wash, rinse, lather and find other creditors. Who line up at the door expecting to sell something to the US. Even if they never will be paid bu the US. They have national insurances: all countries insure the exporters against bad creditors. So, it is just a matter of politics: we don't pay you, but if you don't want to be on our rogue states lists, you must sell us whet we need.