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Batten down the hatches... The waters are about to get rough
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<p>[QUOTE="V. Kurt Bellman, post: 2557719, member: 71723"]That's where I think you're wrong. I've reached the conclusion the debt never comes due. The Fed no longer is buying debt but still "everybody" in the world keeps buying it up, IN 30 YEAR MATURITIES, for crying out loud.</p><p><br /></p><p>Debt comes due for people because people are finite. Governments are nearly perpetual. Only losing a war usually eliminates governments. The last bond holders then lose it all.[/QUOTE]</p><p><br /></p>
[QUOTE="V. Kurt Bellman, post: 2557719, member: 71723"]That's where I think you're wrong. I've reached the conclusion the debt never comes due. The Fed no longer is buying debt but still "everybody" in the world keeps buying it up, IN 30 YEAR MATURITIES, for crying out loud. Debt comes due for people because people are finite. Governments are nearly perpetual. Only losing a war usually eliminates governments. The last bond holders then lose it all.[/QUOTE]
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Batten down the hatches... The waters are about to get rough
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