Comments on: The Golden Years http://dailyreckoning.com/the-golden-years/ Economic News, Markets Commentary, Gold, Oil and Investing Strategies. Sun, 27 May 2012 09:55:17 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: JMR bayou bobby http://dailyreckoning.com/the-golden-years/#comment-40656 JMR bayou bobby Tue, 24 Nov 2009 11:22:02 +0000 http://dailyreckoning.com/?p=20529#comment-40656 “We have some buildings in Washington…military bases around the world…things like that. But as a practical matter, you could never foreclose on them.” __________________________________________ don't be surprised when they test this premise “We have some buildings in Washington…military bases around the world…things like that. But as a practical matter, you could never foreclose on them.”
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don’t be surprised when they test this premise

]]> By: ben heaton http://dailyreckoning.com/the-golden-years/#comment-40518 ben heaton Mon, 23 Nov 2009 23:19:27 +0000 http://dailyreckoning.com/?p=20529#comment-40518 Agree that US Govt is likely to default on at least part of the $113trillion. If so, this'll reduce the monetary base and cause an increase in the value of the dollar. That is simple stuff, forgive me. One thing I want to ask you Mr.Bonner - what good do the 2 trillion dollars US debt held by the Chinese actually do for them? Would it not be more beneficial for them to rip them up? The Chinese want jobs and a strong dollar - dollar bills/T-bonds won't protect the 200m Chinese farmers who are vulnerable to a weak dolar (which would lead to increased imports of American grain). Burn them. Agree that US Govt is likely to default on at least part of the $113trillion. If so, this’ll reduce the monetary base and cause an increase in the value of the dollar. That is simple stuff, forgive me.

One thing I want to ask you Mr.Bonner – what good do the 2 trillion dollars US debt held by the Chinese actually do for them? Would it not be more beneficial for them to rip them up? The Chinese want jobs and a strong dollar – dollar bills/T-bonds won’t protect the 200m Chinese farmers who are vulnerable to a weak dolar (which would lead to increased imports of American grain).

Burn them.

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