Whatever happens : Commodities win

pmcollectour

Jim Rogers

derryb

Looking good for PMs

Gonzalo Lira

Coming soon to a country (very) near you:

"The bond markets matter for the single, inescapable fact that they provide the money for the party. The sovereign governments go out and offer their bonds to the market. And the markets go and buy their issuance—so long as the bond markets trust them.

But if the bond markets lose that trust—if they no longer believe that the money they lend is gonna get repaid—then they don’t buy the sovereign bonds. If they don’t buy ‘em, then the governments won’t have the cash to pay for the services they provide as well as pay for the maturing debt.

If the governments don’t have the cash to pay for their obligations, then they default—then they’re broke. It really is that simple."

This means a higher debt limit is useless if nobody will buy the debt!

ricko

The swampy morass of higher economics.... of course, eventually, it does boil down to simple, budgetary, mathmatics. If you do not have the money, you are broke... no tickee, no washee... it could be coming to that...Cheers, RickO

Banemorth

<< <i>no tickee, no washee... >>





http://www.youtube.com/watch?v=fAasU46ZKRw

I love this movie.

On topic I'm glad I didn't sell all my silver!

mrearlygold

Does anyone know how rogers did in 1979-1981?

I'm sorry but as someone who also lived overseas, also in Asia and in OLD Asia not some police state in singapore, I resent people who leave the country and bad mouth it. Did he put up significant funds to support Ron Paul ? Or is he just a big mouth?

If you hate this place so much to leave for an Asian Police State and then blab about what a smart move that is the least he can do is shut up about the place that he made a fortune in. Just my opinion