2013-10-11 Bloomberg : How to Handle a Debt Default. You Know. Just in Case.

[bobdude17]

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

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]

Haha, awesome.  I've been saying the same thing all week...

Time to get some BTCs

[aigeezer]

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]

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]

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.