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What do you think will happen to Silver in the next few years??
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<p>[QUOTE="Bluesboy65, post: 1080730, member: 23329"]The financial train wreck the Secretary addressed is inevitable regardless of whether the debt ceiling is raised or not. I don't believe for a second that our government has the political will to vote against raising the ceiling so we will have even greater pain when we are forced to face it by other means. My point with Geitner was to demonstrate his analysis of the impact of a default. With regard to Moody's, regardless of the reason for a downgrade it will make our government debt more burdensome and prompt the Fed to inact QE3, 4... as they continue to step in as the buyer of last resort. I agree that Americans will absolutely hate the change that's coming our way - we will be dragged to rehab kicking and screaming. I think community is important and good neighbors invaluable; good luck to you and yours.[/QUOTE]</p><p><br /></p>
[QUOTE="Bluesboy65, post: 1080730, member: 23329"]The financial train wreck the Secretary addressed is inevitable regardless of whether the debt ceiling is raised or not. I don't believe for a second that our government has the political will to vote against raising the ceiling so we will have even greater pain when we are forced to face it by other means. My point with Geitner was to demonstrate his analysis of the impact of a default. With regard to Moody's, regardless of the reason for a downgrade it will make our government debt more burdensome and prompt the Fed to inact QE3, 4... as they continue to step in as the buyer of last resort. I agree that Americans will absolutely hate the change that's coming our way - we will be dragged to rehab kicking and screaming. I think community is important and good neighbors invaluable; good luck to you and yours.[/QUOTE]
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