When They Stop Buying Our Debt: “You’ll See a Worldwide Depression That’ll Make the 1930′s Look Like a Kindergarten” (deport, solutions)

[KRAMERCAT]

Ever wonder why the US is so keen to promote the 'Arab Spring' which includes the freezing of Arab assets such as Libya's?

"There’s $8 Trillion in global sovereign debt that needs to be rolled over in 2012. This does not include state, local, corporate or personal debt.

There’s simply not enough cash in the world to buy all this debt.

What is worse – who would in their right mind would loan cash today for ten years for a guaranteed return of 1.85%?

When the Arabs learn of word of what they’ve been doing is out they may panic… move a big chunk of funds too fast or the wrong way…really destabilize the monetary markets.

Then the dollar will collapse."


When They Stop Buying Our Debt: "You'll See a Worldwide Depression That'll Make the 1930's Look Like a Kindergarten"

[KRAMERCAT]

Like this -

ROME -- Italian tax police say they have seized (EURO)1.1 billion ($1.5 billion) in assets from the late Libyan leader Moammar Gadhafi's family and associates, including shares in Italy's biggest bank.

The assets were frozen last year to comply with U.N. resolutions when Gadhafi's forces were attacking civilians in Libya.

Italy seizes $1.5 billion in Gadhafi family assets - Wire Business News - The Sacramento Bee (http://www.sacbee.com/2012/03/28/4373424/italy-seizes-15-billion-in-gadhafi.html - broken link)

[GregW]

This is why the world will continue to buy each others debt. The alternative is a disaster.

[KRAMERCAT]

Originally Posted by GregW

This is why the world will continue to buy each others debt. The alternative is a disaster.

Greece is the first to be tossed into the fire. Once one goes, others soon follow.

[11KAP]

and we don't want that, so
america has to keep scavenging
for human rights conflicts from
all the rich dictators of the world
and take their money.

[PullMyFinger]

We still have the military hardware, the Navy, the fresh water and the best farmland in the world. We will be just fine

[badhornet]

Originally Posted by PullMyFinger

We still have the military hardware, the Navy, the fresh water and the best farmland in the world. We will be just fine

Deport the Jersey Shore cast and the Kardashians, and we will be better!