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


To: TobagoJack who wrote (12628)12/17/2006 9:42:37 PM
From: Maurice Winn  Respond to of 217870
 
A guaranteed default on the debt: <cash money is just another IOU, and as they are issued by sovereign authorities with legislative powers of sufficient backing, and execution force of full backing, when the eventual implosion happens, lawyers will not be of use> You neglected to include the electorate who invariably vote to take property from other people.

It is a metaphysical certitude that the IOU will not be paid in full. It's like musical chairs. When the music stops, the people left standing have missed out.

Mqurice