debt default Archives - munKNEE.com
Friday , 27 November 2020

Tag Archives: debt default

Debt Default or Hyperinflation? Which Will It Be? (+4K Views)

The Fed, together with other central banks from around the world, have created the perfect crescendo of worldwide credit bubbles and asset bubbles leading to the excesses and decadence which are the normal finale to a secular trend. They have totally destroyed all major world currencies and left the world with debts that cannot and will not be repaid with normal money. As such, there are only two alternative outcomes, debt default or hyperinflation. Both will have disastrous consequences for the world economy.

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What Happens IF the U.S. Dollar and/or the Euro Collapse? Got Gold?

Is it OK for gold to go down? Those invested in gold would prefer it doesn’t, but a rational answer must be “Yes.” Trees don’t grow to the sky and few assets monotonically increase in value for lengthy periods. Gold is no different. It has had a remarkable 11-year run but is this run over? Is gold just another bubble?.... Words: 1122

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The U.S. May Engineer A “Soft Default” – Here’s Why and How (+2K Views)

When government is wounded, trapped and desperate, it lashes out like a wild animal. Survival in the political class is just as strong a drive as it is in the wilderness. I don’t know how government will lash out, but you are likely to see laws, restrictions and behavior you never imagined....Washington has demonstrated it will “print money” in whatever quantities necessary to stave off a sovereign bankruptcy and a Great Depression but this strategy cannot work forever because existing debt is already too high to be serviced. It is only a matter of time before the U.S. economy succumbs - unless it engineers a 'soft default' [which will save it's ass and get you shafted! Let me explain.] Words: 1394

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U.S. Fiscal Situation MUCH Worse Than Government Lets On!

I believe our fiscal situation is much worse than most people realize. True, the situation might be resolvable with a hard-nosed turnaround specialist in charge [Romney?] but, even here, the emphasis is on “might”! In a political context, where citizens have been conditioned to believe they are entitled to live at the expense of government (i.e other citizens because, after all, government has nothing that it first does not take from someone else), the situation is beyond hopeless. Let me address the true economic situation of the U.S. by way of an email I received from a regular reader recently. Words: 615

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2012: Is This How U.S. Financial Crisis Will Unfold Later This Year? (+2K Views)

As economic and political matters become more desperate in the U.S., so will what the government considers acceptable. If a debt default cannot be engineered via continuous inflation as the Fed's current money-printing is attempting to do, it will occur via a direct repudiation of obligations or a quasi-surreptitious one such the hypothetical one I present in this article. Here is... a look (not a prediction) at a series of not improbable events that could develop [and which] would change our economic world overnight[ - and your financial well-being too]. Words: 1365

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Gold to Jump in Price With Increase in Debt Ceiling – Here's Proof

Gold may rally further from this month’s record if President Barack Obama wins lawmakers’ agreement to raise the U.S.’s debt ceiling, weakening the dollar and boosting demand for the precious metal as a store of value, according to Korea Investment & Securities Co. [Below is a chart which shows this quite clearly.] Words: 360

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What Would U.S. Default Mean for Canada – and the Global Economy?

Republicans and Democrats probably will reach a deal to pay America’s bills before the U.S. government runs out of cash at the end of July - probably - but in the meantime it has pushed the United States — and the world economy — toward a fearsome shock at a time when the world economy cannot afford any more shocks. If a U.S. default did happen, however...what would it mean for Canada? The answer is surprising. Read on. Words: 832

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