Anyone hear from Argentina lived through a sovereign default?

But before we need other people in the goverment. If they spend more than earn. The easy solution to clear debt is inflation. If we have the gold standard. They cant make it.

Usa and europe will copycat argentine in a few years.

 

Jaja. Usa only need in a few years to add bigger notes (200 and 500). Because the better way to pay or dissapear debt is inflation. And the printed presses is the begin. Qe1, qe2 and next year qe3.
If europe dont have big problems and the fly to quality go to uss.
Now usa not are in the same with uss index in 81/82
The mess in europe save usa for now.
But when you saw high inflation in usa . will need to raise the bond rates and the chinese will loss a lot in treasure bonds. Next crisis begin.

 

In a few weeks or months. You will have the argentine experiment to use in europe and usa. After it.

http://blogs.ft.com/beyond-brics/2012/06/01/argentina-pesodollar-discontent/#axzz1wfabkVr8

We have two paths:
A) venezuela
B) devaluacion

 

Two paths to the global currency wars.
One: new backed world currency replace the us dollar (yen may be?)
Two: back to the silver convertibles notes (usa half xx century)

 

+1

 

http://www.economist.com/node/21556273