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11-07-2008, 08:14 AM
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#21
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Thinks s/he gets paid by the post
Join Date: Feb 2008
Posts: 1,281
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 Quote:
Originally Posted by Texarkandy
The United States is "too big to fail".
Right, everybody?
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Quote:
Originally Posted by HFWR
Not as long as we cling to our guns and religion...
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Uh, oh :confused: - I have no religion - is there something else I can cling to instead? I have a copy of the complete works of Thomas Jefferson - will that do? How about if I go out & buy twice as many guns as I have now?
__________________
Retired 2009!
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11-07-2008, 08:15 AM
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#22
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Thinks s/he gets paid by the post
Join Date: Oct 2006
Location: North-Central Illinois
Posts: 3,228
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Quote:
Originally Posted by novaman
.......my fear is that the US could cease to be able to meet its debt obligations......
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Didn't this happen several trillion dollars ago? 
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11-07-2008, 08:25 AM
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#23
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 1,543
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2/3 of the national debt is for SS and between government agencies. only a small portion is public debt. when the banks and AIG repay the stock interest and the government sells the stock it owns we'll repay close to a trillion of the debt. for the rest we just cut SS and medicare costs to control it
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11-07-2008, 11:09 AM
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#24
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
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Quote:
Originally Posted by al_bundy
for the rest we just cut SS and medicare costs to control it
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Try it. 
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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11-07-2008, 11:29 AM
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#25
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Thinks s/he gets paid by the post
Join Date: Aug 2006
Posts: 2,433
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If you really believe the US might default, I would suggest CDS on US Treasuries.
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11-07-2008, 02:47 PM
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#26
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2006
Posts: 7,733
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While I can imagine a situation where the US become a dead beat borrower. I think it would take the form of some creative loan restructuring rather than outright bankruptcy. For example if you owned a 30 year T bond, rather than give you money. The government would let/force you to exchange this for enhanced future social security payments. Thus partially cushioning the blow. Of course this does the Chinese government very little good 
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11-12-2008, 01:12 PM
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#27
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Recycles dryer sheets
Join Date: May 2007
Posts: 444
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11-12-2008, 01:28 PM
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#28
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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Quote:
Originally Posted by novaman
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This is just one person's opinion on the usual CNBC Scaremongering Circuit. The headline makes it sound like there's some official "bond rating service" for the federal government considering a cut in the bond rating.
Irresponsible journalism, IMO -- doubly so because it just adds more to the panic and the FUD out there, and more FUD is the last thing this economy and these markets need.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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11-12-2008, 03:14 PM
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#29
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Thinks s/he gets paid by the post
Join Date: Apr 2006
Posts: 1,490
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in answer to the question, i'd suggest 50% in b3av3r ch33s3 and 50% in bangladesh waterfront realestate.
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11-12-2008, 05:36 PM
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#30
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Recycles dryer sheets
Join Date: Feb 2006
Posts: 146
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If the USA loses it's AAA rating, then Europe and the rest of the world will too. For goodness sake, even the Swiss banks have developed some difficulties.
__________________
The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of misery.
Winston Churchill
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11-12-2008, 05:52 PM
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#31
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2008
Location: East Nowhere, 43N Latitude, NY
Posts: 9,037
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Quote:
Originally Posted by novaman
With the continued bloating of the national debt, talk of another bailout bill/stimulus package, a new administration coming in with many promised new programs, my fear is that the US could cease to be able to meet its debt obligations and go bankrupt in the next decade.
Any thoughts on an investment portfolio designed to protect yourself in case such an event happens?
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now here's a cheerful thread.
i'll go 100% hypothetical...if the US went bankrupt, then current financial instruments don't mean squat. currency becomes meaningless. banking system closes down.
so it's back to the basics...food taking priority. i would invest in some seeds, fertilizer, and a tractor + equipment so i can till my lawn and grow my own food. i would barter my crops and possessions for ammunition so i can learn to shoot and hunt the wild critters that abound here. i would teach myself some basic trade so i can barter for other people's production items.
sound screwy? maybe...but think about what people did before the market existed? they traded in basic commodities.
__________________
"All our dreams can come true, if we have the courage to pursue them." - Walt Disney
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03-13-2009, 01:58 PM
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#32
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Recycles dryer sheets
Join Date: May 2007
Posts: 444
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03-13-2009, 04:14 PM
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#33
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2006
Posts: 7,733
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Quote:
Originally Posted by novaman
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I don't think China is being crazy. I'll repost this link to Harvard study about countries defaulting on debt. Page 10 gives a (partial) list of countries, I think it is worth noting that the countries that have never defaulted on debt (e.g. US, Canada, Belgium, Norway) are out numbered by the countries (e.g. Germany, Japan, China, Russia, France, India) that have defaulted by a wide margin.
When Newfoundland defaulted Canada took over the province, so perhaps China will take over .
Cheery thought I know but the market was up 10% this week, no reason not inject more fear.
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03-13-2009, 04:38 PM
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#34
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Recycles dryer sheets
Join Date: Oct 2008
Posts: 295
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LOL you're kidding right? If The USA goesbankrupt? Best pack your Bags and go allthe way to China.. for all and any other countries will bein shambles as well..
China , China Won't befar behind depending on the USA,but None the Less..
Nothing /noInvestment , especially Ins.Annuities or anything else will be worth the paper they're printed on and only Gold will buy you toilet paper..
BTW > Insurance Co.'s are asking for a Bail out now..
They made be insured, but who's Re-InSuring them?
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03-13-2009, 04:53 PM
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#35
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Full time employment: Posting here.
Join Date: May 2006
Posts: 859
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US is not going bankrupt. It's the dollar that's going to be under attack. I realy believe this. All my equities dollars are going into international funds. IMHO there is just less risk outside the US, than inside.
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03-13-2009, 05:56 PM
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#36
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Location: Leeward Oahu
Posts: 17,930
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Quote:
Originally Posted by Dennis
only Gold will buy you toilet paper..
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In this scenario, TP will buy you just about anything as well - through barter. Skip the gold, go straight for the TP It is more "divisible" than gold 
__________________
Ko'olau's Law -
Anything which can be used can be misused. Anything which can be misused will be.
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03-13-2009, 06:02 PM
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#37
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Recycles dryer sheets
Join Date: May 2007
Posts: 444
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Okay I'll trade ya
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03-13-2009, 06:14 PM
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#38
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Moderator Emeritus
Join Date: May 2007
Posts: 12,901
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As heard from a well-respected Swiss banker on Swiss TV a few months ago:
"If the US goes bankrupt, there will be nowhere to hide"...
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03-14-2009, 08:35 AM
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#40
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Recycles dryer sheets
Join Date: Feb 2008
Location: Tucson
Posts: 118
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Quote:
Originally Posted by ladelfina
You guys are crazy!! I'm sick of these tin-foil hat theories!!!
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Ladelfina is having a bit of fun with the board... Nice to hear from you again, Ladelfina. It seems that you no longer have a desire to put a lot of energy into in-depth economic discussions on this board. From the quality of your past posts, I'd guess it's because you decided you had better ways to spend your time. Good job maintaining your humor.
Tom
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