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Greece is selling bonds again

Discussion in 'Purchasing Precious Metals' started by Ebie, Sep 24, 2017.



  1. Ebie

    Ebie Midas Member Midas Member

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    Last edited: Sep 24, 2017
  2. the_shootist

    the_shootist The war is here on our doorstep! Midas Member Site Supporter ++

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    Usury and Ebie like this.
  3. Ebie

    Ebie Midas Member Midas Member

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    Puerto Rico had defaulted, ie missed payments on its bonds.
    It cannot be made to declare bankruptcy like a corporation, ie,, it cannot be forced to sell/transfer assets such as roads and schools and parks to its creditors.
    There is very very little news on this.
    What is the market value on existing PR bonds? Zero? $0.01?
    What about old Greek bonds?
     
  4. Someone_else

    Someone_else Gold Member Gold Chaser

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    The bastards buying the bonds (loaning money to the Greek government) deserve a hard kick in the balls for their bad behavior, then lose all their money.
     
  5. andial

    andial Sir Midas Member Site Supporter ++

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    Yes once the Greek government started letting massive waves of immigrants pass through or stay in their country that gained them favor with the top who provide credit. Expect lessening financial burdens on the Italian and Spanish governments also.
     
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  6. Mr Paradise

    Mr Paradise Midas Member Midas Member

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    ....and if inremember correctly it was Hillary's son in law who's hedge fund was speculating heavily on Greek bonds last go around.
     
  7. Ebie

    Ebie Midas Member Midas Member

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    I suspect the buyers are not "people" but institutions w government connections.
     
    Last edited: Sep 24, 2017
  8. Buck

    Buck Gold Member Gold Chaser

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    and, taxpayers to support the purchase when it sours?
     
  9. Ebie

    Ebie Midas Member Midas Member

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    Good post.
    Maybe, but, real information is hard to find...
     
  10. Treasure Searcher

    Treasure Searcher Platinum Bling Platinum Bling

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    Most likely. The government (or should we say taxpayers) will be back stopping any loss to the banksters.
     

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