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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (37353)	4/19/2011 2:54:15 PM
From: John	3 Recommendations Respond to of 71475

I agree. I think that bond holders made a grave miscalculation in buying U.S. debt. What typically happens to investors who miscalculate? They have to eat it! Of course, the terror tactic verbiage that is routinely espoused is, "If sovereign debt defaults occur, no one will ever trust the defaulting issuer again, blah blah blah!" Well, so what? Default already, implement reforms, reduce the size and scope of the government, punish the guilty, and move on! The central bank should be shuttered and the gold standard reestablished. People and governments must learn to live within their means and stop pawning off their untenable debts to others. Of course, none of that will ever happen. Everyone knows that the end will be terribly bad for taxpayers, who will ultimately become saddled with tens of trillions of clownbucks worth of bad debt, while the guilty escape clean and free. -ng-