The bankruptcy of the United States is now certain

Quote from promagma:

If you have Bloomberg you can see the CDS markets. CDS on sovereign debt is booming since 2008 and almost a $1 trillion market. I see your point, who is going to pay, but in relative terms these contracts are not going to be tragically mispriced.
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Why not? If someone is buying End Of The World insurance, why not sell as much as you can? What are they going to do, sue you if it happens and you default?

Not that I think the market is messed up, mind you. Or any of this. But we do owe a lot of #@*^ing money, and there's no sign of anything but more debt as far as I can see. Sooner or later that has to come to a slow down one way or another.
 
Quote from TGregg:

Why not? If someone is buying End Of The World insurance, why not sell as much as you can? What are they going to do, sue you if it happens and you default?
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Yea, that was basically my point - who is going to be left standing after the US defaults?

Anyone want to buy ELE (extinction level event) insurance? I'll sell you as much coverage as you want, good rates too..
 
Quote from vhehn:

and we are about to commit to an open ended additional 50 billion a year in war spending.
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Someone's got to make some money, it might as well be the defense industry.
 
Quote from vhehn:

and we are about to commit to an open ended additional 50 billion a year in war spending...
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...by a guy awarded the Nobel Peace Prize no less.
 
The solutions are simple. Either do it now, or do it later when law and order breaks down.

Bring all the troops home. If you want war, go fight it yourself. We should not be in the business of subsidizing the hegemonic goals of shitty foreign states or subsidizing the profit of oil and natural resources corporations. In fact, anyone who wants war should be deported to the nations they want to fight against.

Hang all neocons and lobbyists including any republicrook who utters nonsensical remarks without providing viable solutions.

All foreign nations lobbyists leeching off the American taxpayer should not only be hanged, but drawn and quartered.

Deport all illegals that arrived here under Bush's amnesty plans to work in his campaign donors meat plants.

Eliminate all welfare. Put the poor to work. If a illegal mexican can cut grass for a living so can you.

Eliminate Farm Subsidies. If you're too small an operation to farm profitably, go cut grass.

Any news organization that utters more than 3 verifiable falsehoods will be shut down ( which translates to Fox "news" out of business in 1 day)

Insidious domestic organizations that lobby for above mentioned shitty foreign states banned. A list of their members tracked and punished for the spying they do for above mentioned shitty foreign state.



Quote from observer67:

It's one of those numbers that's so unbelievable you have to actually think about it for a while... Within the next 12 months, the U.S. Treasury will have to refinance $2 trillion in short-term debt. And that's not counting any additional deficit spending, which is estimated to be around $1.5 trillion. Put the two numbers together. Then ask yourself, how in the world can the Treasury borrow $3.5 trillion in only one year? That's an amount equal to nearly 30% of our entire GDP. And we're the world's biggest economy. Where will the money come from?



http://www.thedailycrux.com/content/3455/Porter_Stansberry/eml
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Quote from GTS:

Yea, that was basically my point - who is going to be left standing after the US defaults?

Anyone want to buy ELE (extinction level event) insurance? I'll sell you as much coverage as you want, good rates too..
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Ah Ah.....make that an "Extinction Level Event" SWAP...insurance is regulated...the swap....well that is just "friends" swapping risk :D

Sorry, couldn't resist the humor of our present situation...calling insurance a "swap" to avoid the regulation.

-gastropod
 
Quote from TraderZones:

Why? collecting blind opinions from the anonymous is a huge waste of time.
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It's just too "good," therefore to the US government that the not so blind opinions by the not so anonymous end up with more own goals, and failed banks.

Talk about blowing a billion in a day, because you were too proud to accept a bailout which was part of the US government policy, may be not accepting the bail out and failing the bank was part of the plan.

May be you want to talk to Friedman et al.

Or may be you want to check out events such as General Pinochet, and also the Falklands War, or may be you don't care about 100,000 innocent people in Iraq being blown away (forget about the soldiers who died for an ill cause without justification), and not be labelled a war criminal. MAY BE MAY BE NOT.

The US can only remain a super power whilst there is oil to crank up its millitary. Once oil runs out, the US, like it's currency is dead. Probably the next plan is to bring back slavery with 100% taxes.
 
Quote from fkbsuhites:

The solutions are simple. Either do it now, or do it later when law and order breaks down.

Bring all the troops home. If you want war, go fight it yourself. We should not be in the business of subsidizing the hegemonic goals of shitty foreign states or subsidizing the profit of oil and natural resources corporations. In fact, anyone who wants war should be deported to the nations they want to fight against.

Hang all neocons and lobbyists including any republicrook who utters nonsensical remarks without providing viable solutions.

All foreign nations lobbyists leeching off the American taxpayer should not only be hanged, but drawn and quartered.

Deport all illegals that arrived here under Bush's amnesty plans to work in his campaign donors meat plants.

Eliminate all welfare. Put the poor to work. If a illegal mexican can cut grass for a living so can you.

Eliminate Farm Subsidies. If you're too small an operation to farm profitably, go cut grass.

Any news organization that utters more than 3 verifiable falsehoods will be shut down ( which translates to Fox "news" out of business in 1 day)

Insidious domestic organizations that lobby for above mentioned shitty foreign states banned. A list of their members tracked and punished for the spying they do for above mentioned shitty foreign state.
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So basically what you are saying is that the us government change its policies to match that of nazi germany. You want to deport illegals the same way the jews got deported, then you want to kill anyone that doesnt agree with you. How come you didnt write that we should hang any democrat that wants to steal from higher tax bracket citizens so that lower tax bracket citizens can have free health care?

Oh and just so you know...its the big farms that get the subsidies, not the little farms.
 
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