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

To: GST who wrote (96411)	8/18/2008 6:26:53 PM
From: John Vosilla	Read Replies (2) \| Respond to of 110194

'we are racking up new debts at an unreal pace as we speak. Guess what -- we can't pay our debts. More specifically -- we cannot pay our debts to foreigners who loaned us trillions of dollars thinking we could always somehow service the debt. Well we cannot. That means we will default. Outright repudiation is the sort of thing that would simply crash the entire global system. The alternative is to repudiate via inflation' I like the KISS method sometimes. A revised old saying goes something like this. If you borrow $10,000 and can't pay your bank back you are in trouble. If you borrow $10,000,000,000,000 and can't pay your bank back the bank is in trouble. Who are the bankers on the cumulative debts of the US government?