U.S. TO DEFAULT ON ITS DEBT – SUMMER 2009

[TheBreeze]

[quote=partypup]

And I find it most peculiar that Obama will not be attending.

http://www.washingtontimes.com/news/2008/nov/11/obama-steering-clear-of-global-economic-summit-1/

You would think that he might have some interest in knowing about the new global financial order that is being wrought before he assumes office. Instead, he intends to send his lackeys. Politically, it’s a shrewd move; he is trying to distance himself from Bush’s mess. Practically speaking, though, this mess will be his alone in due time. And in this time of crisis, I would think he’d put country before politics.[/quote]

Barack is making the right move here. He doesn’t become President until January 20th and he doesn’t want to get ensnared in any of Dumbya’s idiotic policies before then.

[Arraya]

What matters is we can print dollars and give them to the people from whom we borrowed the dollars.

Here is what you are missing. The reserve currency status gives the USD value because it keeps demand up. Analysts that look at this range the value added to around 50-90%. If it loses status other countries won’t want them especially if we print more, which would further reduce value.

Lots of long posts on here. Not sure why. It’s pretty simple.

You right it is simple. The US can’t continue to run up an infinite amount of debt on a shrinking economy. Sometimes the unsustainable becomes sustainable in an unpleasant way. There is an endgame which is coming quick.

[Arraya]

What matters is we can print dollars and give them to the people from whom we borrowed the dollars.

Here is what you are missing. The reserve currency status gives the USD value because it keeps demand up. Analysts that look at this range the value added to around 50-90%. If it loses status other countries won’t want them especially if we print more, which would further reduce value.

Lots of long posts on here. Not sure why. It’s pretty simple.

You right it is simple. The US can’t continue to run up an infinite amount of debt on a shrinking economy. Sometimes the unsustainable becomes sustainable in an unpleasant way. There is an endgame which is coming quick.

[Arraya]

What matters is we can print dollars and give them to the people from whom we borrowed the dollars.

Here is what you are missing. The reserve currency status gives the USD value because it keeps demand up. Analysts that look at this range the value added to around 50-90%. If it loses status other countries won’t want them especially if we print more, which would further reduce value.

Lots of long posts on here. Not sure why. It’s pretty simple.

You right it is simple. The US can’t continue to run up an infinite amount of debt on a shrinking economy. Sometimes the unsustainable becomes sustainable in an unpleasant way. There is an endgame which is coming quick.

[Arraya]

What matters is we can print dollars and give them to the people from whom we borrowed the dollars.

Here is what you are missing. The reserve currency status gives the USD value because it keeps demand up. Analysts that look at this range the value added to around 50-90%. If it loses status other countries won’t want them especially if we print more, which would further reduce value.

Lots of long posts on here. Not sure why. It’s pretty simple.

You right it is simple. The US can’t continue to run up an infinite amount of debt on a shrinking economy. Sometimes the unsustainable becomes sustainable in an unpleasant way. There is an endgame which is coming quick.

[Arraya]

What matters is we can print dollars and give them to the people from whom we borrowed the dollars.

Here is what you are missing. The reserve currency status gives the USD value because it keeps demand up. Analysts that look at this range the value added to around 50-90%. If it loses status other countries won’t want them especially if we print more, which would further reduce value.

Lots of long posts on here. Not sure why. It’s pretty simple.

You right it is simple. The US can’t continue to run up an infinite amount of debt on a shrinking economy. Sometimes the unsustainable becomes sustainable in an unpleasant way. There is an endgame which is coming quick.

[sdduuuude]

I agree that it may be the end of the dollar, but the title of the thread is “US to default on its debt …”

I’m saying it won’t default on the debt because it can print, though upheaval may result.

[sdduuuude]

I agree that it may be the end of the dollar, but the title of the thread is “US to default on its debt …”

I’m saying it won’t default on the debt because it can print, though upheaval may result.

[sdduuuude]

I agree that it may be the end of the dollar, but the title of the thread is “US to default on its debt …”

I’m saying it won’t default on the debt because it can print, though upheaval may result.

[sdduuuude]

I agree that it may be the end of the dollar, but the title of the thread is “US to default on its debt …”

I’m saying it won’t default on the debt because it can print, though upheaval may result.

[sdduuuude]

I agree that it may be the end of the dollar, but the title of the thread is “US to default on its debt …”

I’m saying it won’t default on the debt because it can print, though upheaval may result.

[Arraya]

[quote=sdduuuude]I agree that it may be the end of the dollar, but the title of the thread is “US to default on its debt …”

I’m saying it won’t default on the debt because it can print, though upheaval may result.[/quote]

If the dollar dies our creditors will not want them, so It’s automatic default.

[Arraya]

[quote=sdduuuude]I agree that it may be the end of the dollar, but the title of the thread is “US to default on its debt …”

I’m saying it won’t default on the debt because it can print, though upheaval may result.[/quote]

If the dollar dies our creditors will not want them, so It’s automatic default.

[Arraya]

[quote=sdduuuude]I agree that it may be the end of the dollar, but the title of the thread is “US to default on its debt …”

I’m saying it won’t default on the debt because it can print, though upheaval may result.[/quote]

If the dollar dies our creditors will not want them, so It’s automatic default.

[Arraya]

[quote=sdduuuude]I agree that it may be the end of the dollar, but the title of the thread is “US to default on its debt …”

I’m saying it won’t default on the debt because it can print, though upheaval may result.[/quote]

If the dollar dies our creditors will not want them, so It’s automatic default.

[Author]

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