If you think the US is gunna go broke post here.

[cottonpicken]

It already is broke!

And there is going to be a massive financial
restructuring.

The world isnt going to end but some bad things
will happen just like they have hundreds of times
before throught the world.

Just never in our little bubble.

[Hopperbin]

I know I posted also in they are not gonna go broke I have mixed feelings . then I read this article by forbes today I think directed at the american public trying to convince them their trade deficit is not what it is.

http://www.forbes.com/2011/01/18/china-us-trade-deficit-opinions-contributors-charles-w-kadlec.html

Who are we to believe?

[Hopperbin]

They print this shit without backing it up.

[hedgehog]

have the yanks been printing fake bonds?

[Hopperbin]

What is the definition of a fake bond? a bond with collateral or a bond without? Typically corporate bonds don't hold much collateral. Does a gov't bond hold collateral? If so what is the guarantee? I just read an article that Greece have just realized they do not have any collateral on their bonds so why not just do a default?

[ALLFARMER]

I just think something major will be happening
within the next 3 or 4 years. I plan to with high
cattle prices pay off my cattle within the next 2
years. Run a cash herd, seems like it's tough
getting cattle financing with good prices or bad.
Tell someone who spends their days sitting in an
office you want to buy cattle they look at you like
your nuts - your gunna get dirty, do you know
those things smell bad?

[parsley]

Smart move, ALLFARMER Pars

[errolanderson]

the u.s. is already broke big-time.
that's no longer a question. now their
deficit is heading toward $20 trillion.
the credit bubble has to burst in my
opinion.

way to go with your debt management
allfarmer. debt is insidious in this
global environment.

if interest rates go up, we have had it.

errol