ES Journal - 2023/2024

Cessna06P said:
Yep, it is only a matter of time, when it happens /ES long or short won't matter.
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Pull out any Federal Reserve Note from your wallet, and look at the tagline..."This note is legal tender for all debts, public and private."

But we apparently have no debt. I am so confused. Piezoe, help me understand!
 
So what happens if the US defaults on it's debt?
I've seen companies that file chapter 11 then keep on operating as if nothing has happened. The shareholders get screwed but the business carries on.
 
I don't know what is exactly coming but I evacuated the us after j6, only for the result of the election here. I am on a remote farm hopefully nobody cares. I think momentous events are afoot, change my mind.
 
deaddog said:
So what happens if the US defaults on it's debt?
I've seen companies that file chapter 11 then keep on operating as if nothing has happened. The shareholders get screwed but the business carries on.
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Well, Uncle Sam would become a fool in the eyes of the entire world and he would never be trusted again. That would probably hurt the nation more than the crushing debt itself.
 
schizo said:
Well, Uncle Sam would become a fool in the eyes of the entire world and he would never be trusted again. That would probably hurt the nation more than the crushing debt itself.
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Oh that would be horrific! I think that has already happened.
 
schizo said:
Anyway, we all know that clause is dependent on what the Congress does.
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No it is not. There is no chance of any default on debt. It is constitutionally mandated that debt payments will be made. The default warning is a canard. What might not get paid is Congreffional spending appropriations. There is plenty of tax revenue to service the debt.
 
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