Silver Is Going To Pop.....then What? - Page 4

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Author	Replies: 51 / Views: 5,007	Page: of 4

Ed_B Pillar of the Community United States 4008 Posts	Posted 05/09/2011 5:12 pm Quote: That's not how it works, mainly because we owe far more to other countries than they owe us. True... once one forgets all about that HUGE World War II debt that so many countries in Europe, including the Russians, owe the US but haven't and won't pay back. Report this Post to the Staff
biggfredd Rest in Peace United States 9104 Posts	Posted 05/09/2011 10:21 pm I forget the date, around ten years ago, the US was the world's biggest creditor nation. Now it's the world's largest debtor nation. At some point the US could simply refuse to redeem notes as they came due. An interesting stopgap would be to say "_____________(insert name of country wanting to collect on treasury notes), you still owe us $xxx billion, which we've deducted from the notes you redeemed. Here's the difference." Report this Post to the Staff
Ed_B Pillar of the Community United States 4008 Posts	Posted 05/10/2011 12:25 am Quote: An interesting stopgap would be to say "_____________(insert name of country wanting to collect on treasury notes), you still owe us $xxx billion, which we've deducted from the notes you redeemed. Here's the difference." Now there's an idea with which I can get on board! Unfortunately, our wuss politicians would never attempt to force an issue like that. Might make some of our "friends" unhappy with us or something. Report this Post to the Staff
biggfredd Rest in Peace United States 9104 Posts	Posted 05/10/2011 10:13 am Friends pay back their loans. Report this Post to the Staff
biggfredd Rest in Peace United States 9104 Posts	Posted 08/13/2011 02:35 am When looking at whether you should buy or sell, you must first decide your position in the market. When I look at a bunch of coins and quote a price, the holder asks if I think they should sell. I ask their motivation. Do they have someone to pass them down to? Do they expect prices to risk significantly? The individual/investor's position is completely different than the dealer/brokers. The former makes money from price changes, the latter from transaction turnover. This is hard for some people to understand. "Dealer tells me to buy, but he's selling." Odds are prety good he's buying an equal amount, to replace what he sells, perhaps more for his own long-term hoard. Report this Post to the Staff
Ed_B Pillar of the Community United States 4008 Posts	Posted 08/13/2011 8:11 pm Quote: Friends pay back their loans. True. But "friends" do not. Report this Post to the Staff
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