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|User Info||Welcome To The USSA; entered at 2008-09-19 11:32:15|
Registered: 2007-12-17 saint louis
Gen the only reason they won't flee treasuries is the old if I owe the banker $50,000 the banker owns me - if I owe a million I can work the banker over for a modification or bailout deal. Its even more in our favor with the Japanese, Chinese and Indians because not only can we tell them to **** off but also we can tell them they can't sell here.|
Now is any of this a good situation - no. But we might be able to hold them hostage for a little while to keep rates low. But sooner or later you can't pay the debt service off the tax receipts even if rates on T's are 4%. Sooner or later WE'RE ****ED and at that point everybody is ****ed.
Just had a conversation with my business partner today, one of the smartest people I know and the only one at my office that will read your ticker and sees things the TF way. His thoughts are we probably won't go the modification route on our debt service but rather will try to take everything away from the middle east by force to refill our coffers.
How bout your take on the chances of this.