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Started By
Message
re: I hope we offset our economic loss to erase the bond debt and crush the mother frickers...”
Posted on 4/2/20 at 6:40 am to OTIS2
Posted on 4/2/20 at 6:40 am to OTIS2
quote:
I hope we offset our economic loss to erase the bond debt and crush the mother frickers...”
...back to the Iron Age.
This was a post of mine a few weeks ago.
Is there an international court that can adjudicate such a claim? Serious question.
Any attempt by the US to default on its bond debt would cause ripple effects you can not even begin to imagine.
Lots of bad things and some that are good IMHO would happen but the world economy as we know it would change that very instant.
2
Posted on 4/2/20 at 6:44 am to cave canem
Obtaining an offset against the bond debt is not a “default “. It’s the exercise of a legal right to assert a liquidated debt against the debt of one’s creditor.
Posted on 4/2/20 at 9:31 am to cave canem
quote:Can you elaborate?
Any attempt by the US to default on its bond debt would cause ripple effects you can not even begin to imagine.
Lots of bad things and some that are good IMHO would happen but the world economy as we know it would change that very instant.
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