Hey if you guys are thinking of a " fire sale ". I thought I might get my bid in early for er ............... what are you selling ? Besides the Brooklyn Bridge again. Bought that sob last year !
naw, we got plenty more we can pay in taxes, but you are not going to get that without a fight, if not a flight anything that an Englishmen is, we are exactly the opposite even if it is not an issue we just do it out of principle you have high taxes and no guns so it just comes natural to us to want the opposite if we liked it the way you do it, we would still be living there
nation of deadbeats that's sounds about right.. http://www.marketwatch.com/story/why-us-might-be-a-nation-of-deadbeats-2013-01-15
How can a nation that prints its own currency and holds all of its debt obligations in said currency default, unless an artificial, man-made choice to default is enacted?
and the pathetic thing is, they worry about it No self respecting American Man worries about Social Security That is just for little old ladies They talk about "pensions" like it is really a big deal no wonder we beat the crap out of them in 1776 and in 1812 and will do it again after bailing their ass out out in 1942 if they ever give us so much as one ounce of shit For crying out loud, they just live on a little itty bitty island. All the smart courageous people left and came to America. The only thing left there are the small timid afraid inbreds.
yeah it's highly unlikely we'd default... paying back in devalued currency on the other hand is extremely probable. i feel sorry for anyone who is actually planning on holding the last few auctions of 30 year bonds to maturity.
the trick is, if you are already old, and immature, you probably won't have to hold them that long. Speaking of mature I started selling mine at 126 a bit pre mature I've been working my ass off just trying to make what I could have made by holding another year The only comfort I have is knowing the interest I would have been getting isn't worth a shit anymore (well, maybe.) I don't care what they say about the dollar I trade it now, and have very little respect for anybody that calls himself a conservative money manager if he doesn't have some kind of currency component to his strategy.