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Reply #9: If the Government defaults on it's loans then my household can default on our loans, correct? [View All]

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sarcasmo Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-07-11 09:25 PM
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9. If the Government defaults on it's loans then my household can default on our loans, correct?
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  -Buffett: GOP Threatening To ‘Blow Your Brains Out’ Over Debt Ceiling Derechos  Jul-07-11 05:53 PM   #0 
  - Meh.  girl gone mad   Jul-07-11 06:13 PM   #1 
  - So what's a good price for a loaf of bread?  Creideiki   Jul-07-11 06:16 PM   #2 
  - Why do you assume the currency would be debased?  girl gone mad   Jul-07-11 07:05 PM   #4 
     - Economics...Finance...  Creideiki   Jul-07-11 09:12 PM   #6 
        - Your comment makes zero sense.  girl gone mad   Jul-07-11 09:23 PM   #8 
  - except that that can't happen without an act of congress -- and the house obviously won't play along  unblock   Jul-07-11 07:04 PM   #3 
     - If the choice comes down to paying 20% to foreign creditors..  girl gone mad   Jul-07-11 07:06 PM   #5 
        - Pssst...That's called debasing the currency.  Creideiki   Jul-07-11 09:13 PM   #7 
        - Uh, no...  girl gone mad   Jul-07-11 09:28 PM   #10 
        - what do you think quantitative easing is?  unblock   Jul-07-11 10:01 PM   #11 
  - If the Government defaults on it's loans then my household can default on our loans, correct?  sarcasmo   Jul-07-11 09:25 PM   #9 
 

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