Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: John who wrote (32426)	6/26/2010 10:02:48 PM
From: DuckTapeSunroof	Respond to of 103300

Re: "Yes, but what happens when no one trusts them any more?" EXACTLY the same thing that's happened to most every other nation in the past century or so who's defaulted on foreign obligations.... They can't access foreign capital for some considerable period of time but eventually (assuming the local economy bounces back) foreign investors start to thinking that a well-run and democratic country with NO debts might, just might, be a BETTER INVESTMENT then some heavily indebted one that hasn't stiffed foreign investors just yet.

To: John who wrote (32426)	6/27/2010 12:39:47 AM
From: Wayners	1 Recommendation Read Replies (1) \| Respond to of 103300

Problem is, many things like pension and social security checks are indexed to inflation, even if inflation is understated or reported, the bottom line is the Federal Government's unfunded liabilities over the next 30 to 50 years are something like 70 Trillion dollars with a capital T in today's dollars. Some emergency will occur giving the power to ultimately renege on the Ponzi Schemes created by FDR and Presidents and Congresseses after him. Those at the top of the pyramid (see the back of your 1 dollar bill) made out like bandits. The 1 dollar bill with the Pyrmaid Scheme clearly shown as some kind of benevolent warning is right there so nobody can say I had no idea!