Does that mean DS's savings bonds are junk?Answer Question
Answer by Carpy at 4:14 PM on Jul. 11, 2011
Answer by Carpy at 4:16 PM on Jul. 11, 2011
Answer by Sisteract at 4:31 PM on Jul. 11, 2011
My DH was just talking about getting our boys SB's... I very loudly told him no way because of the things that are taking place right now.
Answer by amazinggrace83 at 4:34 PM on Jul. 11, 2011
Answer by Anonymous at 5:31 PM on Jul. 11, 2011
Answer by itsmesteph11 at 5:43 PM on Jul. 11, 2011
I can't see them allowing this to occur, knowing that our country's credit standing will be worthless. I hope the republicans don't cave and I hope the progressives will cut spending. If however, the progressives refuse to cut spending, enough to do any good and allow the failure; someone may be advocating the failure, coaching Obama that he can blame the default on the Republicans and get himself re-elected. jmo~
Honestly, I think George Soros has a lot pending on our country failing, it is is dream to see us fall, I found this old link... jmo~
Answer by agentwanda at 5:56 PM on Jul. 11, 2011
Have you seen this article? Hmmm?
..."Rep. Cantor had up to about a $15,000 investment in ProShares Trust Ultrashort 20+ Year Treasury EFT, a fund that deals in "shorting" U.S. Treasury bonds. To explain: a "short" increases in worth when something fails. In this case: U.S. Treasury bonds. If the debt ceiling is not raised and the United States defaults on its loans, treasury bonds are likely to see increased market volatility and an assured drop in worth. If that were to happen, Cantor stands to make a lot of money on his investment."...
Answer by agentwanda at 5:59 PM on Jul. 11, 2011