gold set for a 20% rally!, page-31

  1. 11,173 Posts.
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    Hi Skol, good luck with your confidence in the full faith & credit of the USGovt. They are now 5 days away from a catastrophic default, with 'no progress' in talks yesterday.

    http://www.marketwatch.com/story/house-republican-talks-with-obama-stall-2013-10-12

    The downgrading of US bonds is obligatory now, with the us credit agencies facing trillion-dollar lawsuits if they maintain their farcical AAA ratings with the threat of default now real. A downgrading will crater US bonds & stocks. Riots could start by next weekend imo.

    I can't wait for higher interest rates, they'll bankrupt the US quicker than anything else, although it is already broke. Soaring interest rates in a depression, what more could we want!

    Isn't it the mark of a AAA economy that they are at risk of not being able to borrow more on the credit card to pay off the interest due on their $17 trillion one, lol...

    Looks like there's absolutely no reason to panic at all.

 
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