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Author Topic: 2013-10-11 Bloomberg : How to Handle a Debt Default. You Know. Just in Case.  (Read 600 times)
bobdude17
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October 11, 2013, 08:22:04 PM
 #1

http://www.bloomberg.com/news/2013-10-11/how-to-handle-a-debt-default-you-know-just-in-case-.html

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Me: Hey curious what you think: are you worried about default?

Me: cause I'm terrified

Mark: um

Mark: I just wish I had more cash on hand to invest in case it does.

This was reassuring, kind of. Maybe there would be an upside to any chaos.

Mark: The U.S. will lose its dominance with or without a default.

Mark: Gold & bitcoins are probably the only other assets to compete [with Treasuries]
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kjlimo
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October 12, 2013, 09:07:55 AM
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Haha, awesome.  I've been saying the same thing all week...

Time to get some BTCs Smiley

Coinbase for selling BTCs or Vircurex for trading alt cryptocurrencies like DOGEs
CoinNinja for exploring the blockchain.
PM me with any questions on these sites!  Happy to help!
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October 12, 2013, 12:34:23 PM
 #3

Spoiler: Bloomberg's advice is to keep calm, stay the course, keep your eyes fixed on the tail of the lemming ahead of you.

My profound observation: That could be good advice (or not).

Myth-breaking factoid: the ubiquitous lemming suicide meme was invented for a 1958 Disney film. It is phoney - Google "lemming Disney" for the repulsive details. Example from Wiki "the lemmings did not voluntarily jump into the river but were pushed in by a rotating platform installed by the film crew". http://en.wikipedia.org/wiki/White_Wilderness_%28film%29

Maybe this story will help us feel better?

"Michael Bloomberg Wants To Be Mayor of the World"
http://content.time.com/time/magazine/article/0,9171,2154409,00.html

Note to self - buy some red pills (not that kind, NSA watchers). We live in interesting times.






dree12
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October 12, 2013, 08:44:45 PM
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Why is the date being listed as August 19? I know English is funny in the sense that "October" should be the 8th month, but the 19th day does not seem to stem from anywhere.
bobdude17
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October 12, 2013, 08:54:00 PM
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Why is the date being listed as August 19? I know English is funny in the sense that "October" should be the 8th month, but the 19th day does not seem to stem from anywhere.

Mah bizzle. Fixed.
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