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Zion Oil & Gas, Inc. Message Board

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  • howie12346 howie12346 Jun 15, 2011 2:41 PM Flag

    What happens when the banks default on their debt?

    The Fed issues the cash and they are who we, and anyone who buys U.S. Treasury Bonds, owes.

    "Whoever controls the volume of money in any country is absolute master of all industry and commerce." -President James Garfield

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    • The bank won't default; the entity that owes the bank (lender) money will default by not making payments.

      What happens when an entity defaults?

      In our era this is a complex question because the structure of international commerce markets are very interwoven, complex, and dependent on the various players.

      Nations (people) need to keep selling, nations (people) need to keep buying, debt keeps accumulating, and what gives first is anyones educated guess.

      There are many holders of debt these days with the major holders of debt being banks. The greatest one of these debt holders is the Federal Reserve Bank.

      I don't think that directly answers your question. I hope this description makes sense and is useful to you.

      • 1 Reply to howie12346
      • RPG-29 Vampir anti tank missile

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    • well howie much better to quote the people whose d ick u s uck:
      "The few who understand the system, will either be so interested from it's profits or so dependant on it's favors, that there will be no opposition from that class." — Rothschild Brothers of London, 1863

      "Give me control of a nation's money and I care not who makes it's laws" — Mayer Amschel Bauer Rothschild

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