US defaults :-)

[oldtime]

Quote from darwin666:

+1
super correct.
and they dont flinch a damn eyelid.. this is astonishing!.
truth is STRANGER Than fiction. .all real dollars..
we cant fathom this.
we cant handle the truth. -to quote Jack nicholsen. ha ha..


OK jokes apart.. think hard and think deep. what assets will hold value after 20 years.. income producing assets. preferred..
i am diversifying out of the USA. global ADRs ETFs.. in countries which have stable GDP /debt ratios..

funny thing is . many SP500 companies are global players have fantastic balance sheets... PEP/ KO PG.. CL etc etc..

perhaps it's time to give up on usa and start looking at global debt vs global gdp. then you could say, "We're doing pretty good, and would be doing even better if it wasn't for the U.S. and Greece."