WORLD WIDE SOVERIEGN DEBT FORGIVENESS, An ET Roundtable

Quote from oldtime:

it's not even in the fine print. Everybody knows you are only covered up to 250k by the FDIC. So if you had more than that in a failed bank you knew ahead of time what the risk was.

A Treasury Bond is backed by the full faith and credit of the United States of America.

You are getting really crazy. In your demented world, a bond means something if you are a US citizen, but it means something else if you are non US.

When I sell things, I don't really care what the nationality is of the buyer.
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If the shit hits the fan the terms may have to be changed.

:cool:
 

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Quote from m22au:

That's where 5% to 10% inflation for many years can (partially) solve the problem.

Social Security payments can be reduced / abolished.
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Prof. Lawrence Kotlikoff estimates that the present value of unfunded federal liabilities is $222 trillion. This is more serious than most people realize.
 
Quote from MKTrader:

Prof. Lawrence Kotlikoff estimates that the present value of unfunded federal liabilities is $222 trillion. This is more serious than most people realize.
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HEAR, HEAR!
 
Quote from oldtime:

you sure about that? I keep hearing people talking, but that is not light sweet crude
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I'm hardly an expert on oil. Just posted the link. My state (NJ) has lots of gasbags, but not a lot of gas.
 
Quote from William Rennick:

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If the shit hits the fan the terms may have to be changed.

:cool:
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you're going to send all that against anybody that loaned the United States some money? Including my mother?
 
Quote from atticus:

The netting process leaves everyone with zero purchasing power. It only works if some are left standing. It's musical chairs w/o the chairs.

As Mav stated we must inflate under a fiat system. You house may be worth millions but cars will hit six-figure averages. It's a more palatable SoL as it's subtle, but you mint millionaires who can't afford a vacation, as wages lack convexity. The result is a country filled with the "rich" who have no purchasing power and are forced into further debt cycles to maintain some semblance of an acceptable SoL and PPP.
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This Fella has a beautiful mind.

So, that brings up a historical question. What happened to the Weimar in Germany after the hyperinflation? It may have eliminated any debt but it also produced such chaos that the populace turned to a savior/dictator.
 
Quote from TGregg:

Why not forgive *all* debt, public and private? Since money is just paper, why not hand it out on the street corners?
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Quote from William Rennick:

Why is it dumb you pompous jackass? I'm being serious, so I'd appreciate a respectful response.
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If you cannot answer the extension, then you do not deserve a real response.
 
Quote from William Rennick:

This Fella has a beautiful mind.

So, that brings up a historical question. What happened to the Weimar in Germany after the hyperinflation? It may have eliminated any debt but it also produced such chaos that the populace turned to a savior/dictator.
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hahaha.

I have proof as my Genelec 1038Bs are already "worth" more than I paid for them, but hearing Tannhauser Overture through these will make you weep. Some things are worth it.
 
Quote from atticus:

hahaha.

I have proof as my Genelec 1038Bs are already "worth" more than I paid for them, but hearing Tannhauser Overture through these will make you weep. Some things are worth it.
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Most of the time I have no idea what the hell you just said :p
 
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