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<p>[QUOTE=&quot;desertgem, post: 1319361, member: 15199&quot;]I wonder if there is any country in the world that has zero debt?&nbsp; Not that they couldn&#039;t pay it off, but just zero debt on&nbsp; the books. I really doubt it, they all issue bonds or notes of some sort. My viewpoint is that debt will always be with each country to some point. So my thought is to go with the best of the breed, and figure that all other debt countries will be compared to that one. About 6-9 months ago, the USD was .72 to the basket of currency, tonight it is 78.5. So the number of dollars is higher now ( I am really not sure, need statistic) but each one also buys more on the world market. The public press and bullion sites were more excited about saying the USD would be paper towels ( or such ) and gold would be $5000 an oz, silver $300, etc. by the end of the year, yet this did not occur. Why do people and countries keep buying US bonds even though they pay almost no interest at all? It is like they are saying, &quot; here hold my money and keep it stable. you needn&#039;t pay me anything&quot;, but buying Italian bonds?&nbsp; The buyers want returns of 6-7%, even now when there is suppose to be agreements coming up. No one asks &quot; How many USD are circulating compared to Euros? At this time they are looking for security. The CDS page above shows that very well, not perfectly, but well enough to see where the risk is suspected to be. Maybe not the best way to look at things, but I know of none proven more accurate. But like I say, IMO. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Jim[/QUOTE]</p><p><br /></p>

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