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


To: KyrosL who wrote (62310)3/30/2010 6:06:31 PM
From: Cogito Ergo Sum  Read Replies (2) | Respond to of 219567
 
So their bond yields will go up... and then inflate more..their bond yields will go up... and then inflate more..their bond yields will go up... and then inflate more..their bond yields will go up... and then inflate more..their bond yields will go up... and then inflate more.. then they are toast no ? The world is different now.. China and India make it different.. and what if USD as reserve currency has run its course... which has a good possibility of happening in my remaining lifetime..



To: KyrosL who wrote (62310)3/30/2010 10:54:51 PM
From: RJA_1 Recommendation  Respond to of 219567
 
>>The US is not Greece. The US owns the reserve currency. It makes no sense to default in a conventional way. It will simply inflate the problem away, if it becomes intractable.

Yes, for the moment.

But this will not hold... for it is a tax on all the governments of the world... and their peoples... and they will not bear that burden if they do not have to...

And why should they have to?

What cannot last will not last.