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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?


To: TimF who wrote (44963)8/19/2010 12:18:25 PM
From: DuckTapeSunroof  Read Replies (1) | Respond to of 71588
 
Tim, I think I already covered the matter (and very thoroughly, if I do say so myself <g>) when I wrote:

It is a special class of US Treasury Bond.

If it is "meaningless" then ALL US Treasury Bonds are "meaningless".

(And, just a little personal observation here, I believe that if the day ever comes when the US stops payment on it's debts - we will be *far more likely* to repudiate foreign-owned debts before we would ever repudiate debts we own to our self! At least, that has been the practice of other countries, to favor their OWN and stiff the foreigners first. <GGG>)