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

To: Real Man who wrote (53344)10/6/2013 9:16:38 PM
From: ggersh  Read Replies (1) | Respond to of 71417
 
So the Chinese bondholders would be getting
Uncle Sam's toilet paper....UFB how our countries
politicians care more about the Chinese than there
own...



To: Real Man who wrote (53344)10/6/2013 9:44:13 PM
From: Follies  Read Replies (2) | Respond to of 71417
 
Should US default, it's the elderly who will be left to die w/o
SS/Medicare, not Chinese bondholders.
??

You can't conceive of the US defaulting on bond holders but continuing to pay SS/Medicare?

With the way the government handled GM bond holders anything is possible.



To: Real Man who wrote (53344)10/7/2013 1:16:53 AM
From: Wayners  Read Replies (1) | Respond to of 71417
 
The U.S. has defaulted before. Continental Dollars was the first one. Reneging on Contracts in Gold was the second one in 1933 and confiscation of Gold at the same time. Reneging on Foreign Contracts and the redemption of Federal Reserve Notes for Gold in 1971. Did you see what happened to interest rates after 1971 until early 1980s? That's what a default looks like.


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