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Stinky The Clown (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 10:28 PM Original message |
You know, there's a "common wisdom" that holds that the powerful really don't want a default ....... |
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peace4ever (434 posts) Send PM | Profile | Ignore | Mon Jul-18-11 10:29 PM Response to Original message |
1. i can see the few, at the very top, being able to gobble up a lot of businesses at fire-sale prices |
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Stinky The Clown (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 10:32 PM Response to Reply #1 |
4. I think it is easier than that. I think it involves our T-Bills or some other monetary instrument... |
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peace4ever (434 posts) Send PM | Profile | Ignore | Mon Jul-18-11 10:36 PM Response to Reply #4 |
6. yes, and that will hurt a lot of businesses that have invested in them |
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Autumn (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 10:30 PM Response to Original message |
2. I think you are right |
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Taverner (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 10:31 PM Response to Original message |
3. At this point we are playing chicken |
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DontTreadOnMe (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 10:32 PM Response to Original message |
5. Anyone who is shorting T-Bills will profit on a default |
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rucky (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 10:37 PM Response to Original message |
7. Eric Cantor would do alright. |
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AndyTiedye (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 10:44 PM Response to Original message |
8. Cantor Invested in an Ultrashort ETF that Shorts Treasuries |
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riderinthestorm (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 10:48 PM Response to Original message |
9. While that's a possibility, history demonstrates default is so destabilizing, even pros are leery |
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chalky (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 10:50 PM Response to Original message |
10. The big secret of the century? Not everyone went broke during the Depression. |
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starroute (1000+ posts) Send PM | Profile | Ignore | Tue Jul-19-11 01:32 AM Response to Reply #10 |
14. I'm reminded of a riddle I encountered as a kid |
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pa28 (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 10:53 PM Response to Original message |
11. For what it's worth here's the Treasury Secretary: |
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applegrove (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 11:16 PM Response to Original message |
12. They could put all their money into gold and it may double if there is a prolonged default. But I |
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PSPS (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 11:41 PM Response to Original message |
13. There won't be a default. This is all just theater. |
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indurancevile (1000+ posts) Send PM | Profile | Ignore | Tue Jul-19-11 01:34 AM Response to Original message |
15. They make money off everything because they know what's going to happen before everyone else. |
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DU AdBot (1000+ posts) | Fri May 03rd 2024, 07:01 AM Response to Original message |
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