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They can 'print' money so they may not technically default,

Posted on: July 20, 2016 at 19:09:34 CT
JeffB MU
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but people and institutions holding their debt are likely to get screwed.

I had a friend who got sucked into a Ponzi scheme. Before it crashed he could logically say that it had not defaulted on any of its obligations. But it was still bankrupt long before it became obvious to everyone that there was no possible way that it could pay everyone that it owed money to... at least that's the way I see it.
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The financial system's breaking down at an unimaginable pace - JeffB MU - 7/20 17:41:35
     Nice headline, contradictory content. - tiger4real MU - 7/20 18:39:17
          'Japan is not bankrupt.'? How do you figure? Countries with - JeffB MU - 7/20 18:47:03
               They haven't defaulted on a single debt payment. - tiger4real MU - 7/20 18:52:08
                    They can 'print' money so they may not technically default, - JeffB MU - 7/20 19:09:34
                         You are seeing it right Jeff - Uncle Fester USMC - 7/20 19:23:40
     It's a flight to safety. Bonds are safe investments for the - SparkyStalcup MU - 7/20 18:01:49
          It's the last gasp of the world economy about to go under. - JeffB MU - 7/20 18:17:59
               RE: It's the last gasp of the world economy about to go under. - sarasotatiger MU - 7/20 18:27:05
                    We need to eliminate fiat currency, and restore sound - JeffB MU - 7/20 18:48:06
                    Ever heard of the IMF or the IBS genius ? - Uncle Fester USMC - 7/20 18:29:45
               Thats correct, And in its place will be all digital currency - Uncle Fester USMC - 7/20 18:24:38
                    RE: Thats correct, And in its place will be all digital currency - sarasotatiger MU - 7/20 18:30:36
          No they aint - Nothing is safe - Uncle Fester USMC - 7/20 18:03:56
     Buy gold silver and lead - Uncle Fester USMC - 7/20 17:59:27
     Should have voted for Ron Paul - Mr. Orange SU - 7/20 17:43:24
          I did. (nm) - JeffB MU - 7/20 17:50:20
               You dumb ass! - Mr. Orange SU - 7/20 17:51:15
                    If YOU had maybe we wouldn't be in this mess. (nm) - JeffB MU - 7/20 18:05:19
                         Paul would be better than Trump, for sure. Gary Johnson - SparkyStalcup MU - 7/20 18:07:35
                              Fester would be better than trump - Mr. Orange SU - 7/20 18:09:10
                                   I would kick ass - Uncle Fester USMC - 7/20 18:10:15




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