12.10.2009

There have been many types of defaults since this recession began. When it began depends on who you listen too. It probably started sometime in mid 2006. Mortgage defaults ,revolving ,floor plan ,and others. These defaults would be the most important if not for the new family of defaults heading our way. Sovereign Defaults have now arrived to this global economic failure party. This is when an entire nation with defaults on their debts. There are three nations at risk right now with many others to follow. These nations are at the mercy of America ,The United Kingdom ,and other world currency printers. Am I a conspiracy theorist if I think this may have been planned by the larger countries ? If smaller nations default and the printer nations step in ,print enough to catch them up , then that printer nation owns them ,lock ,stock ,and barrel . If you are Spain you can’t print Euro’s to pay your debt and you do not have the gold supply to pull out without seeking help from Printer Nations. This concerns me why ? Because if the US starts taking over resources of smaller countries then we assume their debt and cost of keeping their economies alive. The US government thinks they can print money forever and for any reason. This must end if this rough spot in time is to get better. America’s credit worthiness is at risk. It is because of fiscal growth and a declining dollar. Its as if they know it but like someone addicted to drugs ,they will quit later.