What happens when Ontario and Quebec declare Bankruptcy!
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The really great thing about US state and municipal bankruptcies is
that it will be confined to the pensioners and other hangers on of
that municipality. When Ontario goes bankrupt AB and SK will be
bailing it out because of the equalization formula. As big a mess
that the US is in we are in far worse shape in the long run.
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At the end of the day the debt HAS to be
restructured,aka default,via inflation or right down or
a combination of both.
Pain coming down the pipe,just wonder what its
going to look like.
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From what i have heard china and everyone else
stopped a while ago the fed is buying the debt(qe)
(moneization)(@printing money.com),to **** with
yield curve and keep the game going.i'm in a hell of a
pill mood.
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Im certain there isn't a developed
nation in the world that is in any
better shape. As the economy shrinks it
will suck the wind out of the sails of
commodities. Dropping commodities will
stifle developing nations as I hey make
more from exports than they spend on
developing. The gig is up and the next
10 years will bring a rebirth to the
world economy as we know it. My vote is
for continuing debt defaults, dropping
commodities, bond values and realestate
and overall deflation.
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ado089 . . . believe the scenario you are
describing may hit global markets as early
as this fall or certainly in 2014. The
global recession is about to worsen (IMO).
And commodities prices are on the hit list
. . . in the form of deflation.
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