O oldtime Jul 29, 2011 #11 Quote from morganist: No but I bet they would lose a lot of business. More... no doubt about it
M morganist Jul 29, 2011 #12 Quote from Random.Capital: He has a point. Every COLA adjustment that slows the rate of SS increases is by definition a partial default. More... True. But I was thinking more of the private sector debt collapse impact on private sector pensions especially in the UK. There is £1.46 Trillion of private debt and 40% of the lenders are UK pension funds. I can't see that being paid.
Quote from Random.Capital: He has a point. Every COLA adjustment that slows the rate of SS increases is by definition a partial default. More... True. But I was thinking more of the private sector debt collapse impact on private sector pensions especially in the UK. There is £1.46 Trillion of private debt and 40% of the lenders are UK pension funds. I can't see that being paid.
P pattern39 Jul 29, 2011 #13 The next financial crisis is gold. A bull run ends when the actors run out of cash to buy. Trust me, when that happens, gold will crash hard!
The next financial crisis is gold. A bull run ends when the actors run out of cash to buy. Trust me, when that happens, gold will crash hard!
M morganist Jul 30, 2011 #14 Quote from pattern39: The next financial crisis is gold. A bull run ends when the actors run out of cash to buy. Trust me, when that happens, gold will crash hard! More... Who runs out of cash exactly. Do you mean Americans? Europeans? Do you think Chinese and Russians are running out of money? They buy gold too.
Quote from pattern39: The next financial crisis is gold. A bull run ends when the actors run out of cash to buy. Trust me, when that happens, gold will crash hard! More... Who runs out of cash exactly. Do you mean Americans? Europeans? Do you think Chinese and Russians are running out of money? They buy gold too.
