Does anyone here TRADE? Christ if you think the Treasury is "bankrupt" then short Treasuries. I'm short 'em and I can assure you there's no shortage of eager buyers and they ain't all Chinese.
No I do not get it. Saudi Arabia supplied 14 of the nominated 19 sept 11 "terrorists" and is a major US creditor in dollar holdings and below ground reserves. You will have to explain your point of view to me because I do not "get it"
Quote your source on where all this "Hidden" debt is. I dont care how smart you think they are, but nobody can hide an extra 8 trillion dollars of debt (much less an extra 80 trillion) without it being completely obvious. Thats basically saying that the government owes more money than the value of every house in the united states and is able to keep it hidden. I think some joker probably told you your information and you took it as the truth.
"Supplied"? If Tim McVeigh had blown up the Eiffel Tower would you say the U.S. "supplied" McViegh to France? The Saudi's are a TARGET of Al queda not an accomplice. Just because a terrorist is from a country doesn't make him a product of the government. Back to the thread at hand. Even if the "world" sold their Treasury holdings yields wouldn't move up anything more than a token amount. I have friends with MILLIONS who are waiting buyers at higher yields.
Try and catch Hannity's interview with Palin tonight on Fox. I think that her rationale will be right up your street. I have just seen a couple of minutes of it and I know that you will love it.
Pabst.. I don't think we need to worry about the folks around the world SELLING...first we have to worry about them NOT buying.. Correct that they are buying hand over fist.. But that will come to an end soon.. once they realize that we can't afford to pay them back.. Yeah yeah, I know we never have defaulted, name another issue in history that has never defaulted...etc.. But this time it's different (hehe..I hate saying that)..
G_d, Hannity and O'Reilly and Limbaugh... WTF actually listens and gives credibility to anything these ginormous assholes say? Pathetic.
Reuters has a sense of humor today. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2073534>
It's not "hidden", it's not a "secret", it's just off the books. Everybody knows it's there, it's just not counted as part of the official debt number. It's not a conspiracy, it's accounting. The poster child for this is Social Security, for which the accounting was completely changed during the Reagan administration (not a partisan jibe, the Dem congress was more than happy to go along as it meant spending could rise without the official deficit numbers increasing).