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Originally posted by In nothing we trust
OK Wookiep I changed the headline just for you and your brother GreenBicMan.
Now please tell me how you would answer the question.
Originally posted by jdub297
There is a difference between intrinsic value and relative value.
Originally posted by aristocrat2
.. the Credit Default Swap debt
Originally posted by charlyv
Right now, US is seeing major tourism.
Originally posted by charlyv
reply to post by In nothing we trust
Another Myth,
Ask the airlines.
Airlines Suffered Largest Revenue Drop Ever In 2009
It was the largest drop in the industry's history, surpassing the 14 percent decline in 2001.
The Air Transport Association of America attributed the loss to a 6% drop in passenger volume and a 13% decline in the average cost of flying one mile.
www.businessinsider.com...
Airline passenger revenues posted record drop in 2009
Airline passenger revenues fell by a record 18 percent in 2009, the Air Transport Association of America announced Wednesday.
blog.seattlepi.com...
Originally posted by aristocrat2
WHAT TO INVEST IN?
The future is so black it is hard to conceive. If the USA does default on its debt, the entire country will collapse.
The following will occur, I belive in roughly this order...
- Mass withdrawals from the banks.
- Law and order services people not bothering to turn up for work as they deal with their own personal crisis and fearing, rightfully or wrongfully that they will not be paid.
- Collapse of the road, rial and air superstructure.
- People pre-empting any move by the Governement to impose martial law, fearing rendition and a clampdown. Gunshops, local National Guard centres being raided at gunpoint and mass shootings in the street.
- Food supply stopping dead, armed hold-ups at grocery stores across the nation and most being boarded up accelerating the onset of starvation.
- CEO's and legislators' homes being invaded and lynchings across America.
- Army and Police people turning on their own units in an effort to find food.
- Fire Department staff staying home, allowing fires to spread across cities unchecked.
- Any states still functioning attempting to cede.
This will occur in days, not months after a US Bond default.
Originally posted by aristocrat2
Tuesday 14th July 1789 - The now penniless middle class people, like doctors, lawyers etc storm the feared Bastille.
After this, it developed with angry mobs attacking the estates of the wealthy associated with the collapse, then those of the super-wealthy and so on downwards until anyone holding an aristocratic title or is a landlord or has a professional qualification is murdered.