The Mudcat Café TM
Thread #152363 Message #3565312
Posted By: Donuel
09-Oct-13 - 01:43 AM
Thread Name: BS: US Government shutdown
Subject: RE: BS: US Government shutdown
I ran the numbers and the plot to make money on US bonds after a default is bogus. Inflation alone would wipe out existing fortunes by a third to three quarters. Not even a multi billionaire could keep holdings in an inflation proof environment.
The mystery continues. Why would a default be sought by anyone other than an enemy of the USA? Confiscation like in Cyprus and Greece couldn't happen here.