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

To: Tommaso who wrote (53320)10/4/2013 9:46:14 PM
From: Wayners  Respond to of 71407
 
and how. Sure just seize the banks assets which are mostly loans to people, so instead of paying your mortgage to a bank it gets paid to the Government and they own your property too because they are now your "lender" and if you don't pay, they foreclose on you.



To: Tommaso who wrote (53320)10/4/2013 11:39:42 PM
From: Real Man  Respond to of 71407
 
I probably should correct myself - US treasury is very likely to default on
obligations this month due to Congressional stalemate. However,
Treasury default does not mean a default on Treasury bonds, at least not
immediately.
US will just stop paying people, not bond holders, and keep collecting taxes.
As for the market reaction, dislocation could happen.

A probability is not a certainty, because the market is so over greased
by the Fed.


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