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  • howie12346 howie12346 Jun 15, 2011 3:04 PM Flag

    What happens when the banks default on their debt?

    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.

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    • RPG-29 Vampir anti tank missile

      The RPG-29 is a tube style rocket launcher designed to be carried and used by a single soldier. On the top of the launch tube is the x 2.7 1P38 optical sight. On the bottom of the tube is a shoulder brace for proper positioning along with a pistol grip trigger mechanism.

      PG-29V anti-tank / anti-bunker round, and the TBG-29V Thermobaric anti-personnel warhead: the PG-29V round has a tandem-charge HEAT warhead for defeating Explosive reactive armour; eight fins pop out as the rocket leaves the launch tube and stabilize the missile in flight.

      The warhead is extremely powerful, and in tests conducted against T-80 and T-90 tanks it penetrated the tanks over their frontal arcs.

      RPG-32 Hashim reactive round

      Also pendin' sales is the Tor M 1 in lieu of the S-200 SA-5 Gammon



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