View Single Post
Old 10-28-2011, 05:27 PM   #30
Beerinkol

Join Date
Dec 2006
Posts
5,268
Senior Member
Default
What do you think of this?
6% goes along way, the bigger thing is that you will loose all the shadow governing bodies that are screwing things up with their too big to fail "investments".

This guy's thinking at least slowly.

The U.S. government would be forced to downsize as they won't have the outside investment in their currency for at least a very long time. And also would have many pissed off nations that are already invested as the would have to fully or partially default on those existing bonds. Which could & would lead to counter strikes by those nations.

That is the larger "fear" of dissolving the Fed.

Iceland is on such a path. Only the largest nations, or smallest (self sufficient) nations can try this. All those that are tied in the middle somewhere are stuck until something outside changes.
Beerinkol is offline


 

All times are GMT +1. The time now is 10:01 PM.
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd.
Design & Developed by Amodity.com
Copyright© Amodity