| Molodiets |
  Posted 13th Dec 2008 12:30am |
L4Y Member
Post 2281 / 2687
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The US governement will go bankrupt by summer 2009!
That is what that study claims.
| Quote | | Indeed our researchers anticipate that, before next summer 2009, the US government will default and be prevented to pay back its creditors (holders of US Treasury Bonds, of Fanny May and Freddy Mac shares, etc.). Of course such a bankruptcy will provoke some very negative outcome for all USD-denominated asset holders. According to our team, the period that will then begin should be conducive to the setting up of a « new Dollar » to remedy the problem of default and of induced massive capital drain from the US |
That means that the US will have a devaluation of the dollar and US treasory bonds will be worthless. Actually, the simple fact that such a rumor is credible could cause US bonds to lose a part of their value. Is it an attack against $)
The UK may devaluate too.
your opinions? |
