U.S edging closer to catasrophic default.

Discussion in 'Markets & Economies' started by TheEnd, Oct 7, 2013.

  1. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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  2. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    If you were a global fund manager right about now, buying US debt between 1-4-6 month government spazz outs would hardly be appealing. I wouldn't be surprised to see US bond yields widen between now and February which gives the US justification to not start tapering QE.
     
  3. southerncross

    southerncross Well-Known Member Silver Stacker

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    I'm a bit worried about the last bit of this notice, how did they notice ?
    [​IMG]
    Source:
     
  4. haveblue

    haveblue New Member

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  5. trew

    trew Active Member Silver Stacker

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    Obama must be close to pulling that platinum coin out of his desk drawer

    :lol:
     
  6. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

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    DONT DO IT MATE!!!
     
  7. TheEnd

    TheEnd Well-Known Member

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    Gees they hav'nt come to a deal yet things are heating up and thers only one day left ? Will the U.S Government actually default?
     
  8. Earthjade

    Earthjade Member

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    Don't bet on it.
     
  9. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

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    We can only hope to God!! :lol:
     
  10. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

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    or against it ... :lol:
     
  11. TheEnd

    TheEnd Well-Known Member

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  12. col0016

    col0016 Active Member

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    It won't happen because everyone would see that it's not the massive deal everyone has made it out to be.
    By defaulting they just won't be able to borrow more, they'll still have to pay back the debt lol.

    Imagine if you borrowed $100,000 a year and just kept paying the interest and getting extensions every year... Eventually you would get knocked back on the limit increase, but you'd still have to pay back everything you borrowed wouldn't you? :)
     
  13. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

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    lol - what a croc
     
  14. TheEnd

    TheEnd Well-Known Member

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    Ye I understand that Col..... They must be just playing this out until the very end, the 11th hour as they say? I got no idea whats going to happen?
     
  15. col0016

    col0016 Active Member

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    I must confess, I would be surprised if they defaulted, but I reckon both sides are too afraid of a stock market crash since they've worked so hard to make a bubble lol.
     
  16. TheEnd

    TheEnd Well-Known Member

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    Well they're all certainly stuffing around backwards and forwards and sideways in getting a deal done.......I guess we will just have to sit and wait and find out tmrw?
     
  17. Peter

    Peter Well-Known Member

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    jThe teaparty would want a default.
    It would prevent spending and show their power.
    They can force it.
    And they are crazy rednecks.
     
  18. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

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    yes - that would be a great day for freedom in America!!

    Bring on the default
     
  19. fiatphoney

    fiatphoney New Member

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    No Bamarama wants the default, to gain control of congress in next years election.
     
  20. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    If the US was to default I would doubt there would be an election next year. It would be anarchy or a dictatorship
     

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