[amanda hor$t]

Originally Posted by mmahany

It's a little different when the entity has the ability to control the money supply....go waste your money I suppose. I'd rather throw it in a slot machine....better odds.

the government doesn't control the money supply. the fed does. what were you doing a month before this?



anyway, i'm not selling insurance, i'm trying to buy it.

[RandomHero]

Originally Posted by R Grubba Balls

the government doesn't control the money supply. the fed does. what were you doing a month before this?

Yea, and the IRS isn't a government entity either

[amanda hor$t]

Originally Posted by mmahany

Yea, and the IRS isn't a government entity either

have you ever voted for a fed chairman? btw, answer the previous question. no points for smartass remarks.

[grimlock]

Originally Posted by R Grubba Balls

does anyone know the current rate to insure $1million against a usa default? yes i'm serious.

[amanda hor$t]

^ still on ignore buddy

[RandomHero]

Originally Posted by R Grubba Balls

have you ever voted for a fed chairman? btw, answer the previous question

You're more than welcome to read my previous posts in this thread if you feel that my knowledge is below your standards.

I'm not the one talking about buying federal government default securities (although calling them a security would be an insult to the investing world). Municipal (or even state) government default securities could possibly be justified, but if you're going to sit here and tell me that the government does not ultimately control the fed, you're batshit crazy.

[amanda hor$t]

Originally Posted by mmahany

You're more than welcome to read my previous posts in this thread if you feel that my knowledge is below your standards.

I'm not the one talking about buying federal government default securities (although calling them a security would be an insult to the investing world). Municipal (or even state) government default securities could possibly be justified, but if you're going to sit here and tell me that the government does not ultimately control the fed, you're batshit crazy.

don't need to read all your past stuff as they are irrelevant to this conversation. i don't have to tell you anything. you'll prove me wrong when obama issues an executive order to print more money. cuz god knows he fucking needs it.

though since it's a sucker's bet in your eyes, why don't you insure me for it? $100?... free money, right? let's set it up. at that rate, i can insure a lot more than $1million, and i can call other interested parties. as long as you can prove you're good for it and make it legal, i'll send you the money right away.

anyway, that's what i thought

[grimlock]

Maybe you should use the money you would have spent on this imaginary financial instrument and see a psychiatrist instead

[RandomHero]

Originally Posted by R Grubba Balls

don't need to read all your past stuff as they are irrelevant to this conversation. i don't have to tell you anything. you'll prove me wrong when obama issues an executive order to print more money. cuz god knows he fucking needs it.

anyway, that's what i thought

Right, and all the U.S. Government is doing is "borrowing" from the social security trust fund. They're going to pay that money back to us some day....

If you think that the U.S. government would ever default any time soon, well then put your $5k into that policy. More power to you I suppose. Again, I'd rather take that to Vegas and have better odds at the strip club. I am sticking to my guns when I say that the U.S. government CONTROLS the money supply. The Fed prints money, but it's worthless without being backed by the gov't. All the U.S. government needs to do is issue t-bills, bonds, and notes to raise funds or buy them back up. Interest rates might skyrocket in theory, but we have a hell of a long ways to go before we get back to the hyperinflation of the 80s back when CDs were paying 12%+ a year.

So even the U.S. government were to ever default, our money would be nearly worthless so what would be the point of your payout?

BTW, I'm glad you're much smarter than me. It must be tough living that high up in the clouds.

EDIT-I'm too tired to do this anymore. I'll go ahead and block you so I'm not tempted to get into this anymore. You're more than welcome to do the same to me if you find what I have to say valueless.

[amanda hor$t]

open offer to anyone who thinks like mmahany:

why don't you insure me for it? $100?... free money, right? let's set it up (IN EUROS). at that rate, i can insure a lot more than $1million, and i can call other interested parties. as long as you can prove you're good for it and make it legal, i'll send you the money right away.

and if he really did block me, be a friend and lhk.

my money's ready. and i didn't ignore him, because it's a good deal (to me). let's do it. if not, i can only conclude that 1) you're afraid, 2) you, your boss, and your boss's boss all can't afford it, ior 3) you actually agree with me and are just fronting.

[amanda hor$t]

13ump

[PSUSMU]

Alright alright alright.. enough.. back to stocks

[Inspired]

what's going on in here?

[RandomHero]

Originally Posted by Inspired

what's going on in here?

Eh, don't worry about it. Swayed a bit off topic, but we're back on track now.

[bnekic]

Just an FYI for you guys with less then 25k, take a look at SureTrader for your broker. 6-1 leverage and no PDT rule.

[turbosc297]

Just read their terms and conditions
"Swiss America Securities, Ltd (SureTrader) does not service accounts for U.S. citizens, U.S. residents or U.S. corporations."

[jophish17]

Originally Posted by R Grubba Balls

does anyone know the current rate to insure $1million against a usa default? yes i'm serious.

Short the dollar? Because as mentioned they can just print money to pay debts. Might not have the huge payoff odds, but there's a reason that US treasuries are "risk free". Inflation is much more likely.

Unless you the type to bet on 00, then I could understand you wanting that bet..

[schoy]

Originally Posted by R Grubba Balls

does anyone know the current rate to insure $1million against a usa default? yes i'm serious.

I believe it's running about 82 basis points according to the Markit CDX North American Investment Grade Index.

[amanda hor$t]

Originally Posted by jophish17

Short the dollar? Because as mentioned they can just print money to pay debts. Might not have the huge payoff odds, but there's a reason that US treasuries are "risk free". Inflation is much more likely.

Unless you the type to bet on 00, then I could understand you wanting that bet..

i can think of at least one scenario where the government defaults on its debt payments while the dollar stays strong.

can congress file chapter 11? lol

[bnekic]

Originally Posted by turbosc297

Just read their terms and conditions
"Swiss America Securities, Ltd (SureTrader) does not service accounts for U.S. citizens, U.S. residents or U.S. corporations."

Yes they do, they just don't solicit in the U.S. SureTrader is based in the Bahamas.

[mact3333]

Now you see why I wasnt long any stocks......didnt trust this mkt.

Long TF 962.5 now for a quick bounce only.

[Hisam135i]

Originally Posted by mact3333

Now you see why I wasnt long any stocks......didnt trust this mkt.

Long TF 962.5 now for a quick bounce only.

I was one hundred percent with you on this but took a short position on euro and got fucked on a margin call from an algo spike -_- from getting in to early then of course euro tanks vs dollar