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Old 05-15-2008, 10:46 AM
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Can a Country File Bankruptcy.

Can a Country file Bankruptcy. If so what kind can they file. Chapter 7,9,11,13, if a country does file bankruptcy is that considered depression.
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Old 05-15-2008, 11:31 AM
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means that country's money is no more.
When a country file for bankruptcy, how is the bankruptkcy court funded?
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Old 05-15-2008, 11:46 AM
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I think they just raise the taxes.
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Old 05-15-2008, 11:48 AM
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Quote:
Originally Posted by Banshee34 View Post
I think they just raise the taxes.
I think your right on the .............................................MONEY ...
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Old 05-15-2008, 11:56 AM
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Originally Posted by Banshee34 View Post
I think they just raise the taxes.
With who's currancy? If it was us probly our own.
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Old 05-15-2008, 12:19 PM
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Our currency is more electronic now isn't it? I mean I rarely have cash, only my card.
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Old 05-15-2008, 12:27 PM
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Quote:
Originally Posted by Banshee34 View Post
Our currency is more electronic now isn't it? I mean I rarely have cash, only my card.
Exactly. Our money system now is a house of cards, with no
underlying inherent value.
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Old 05-15-2008, 01:49 PM
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Exactly. Our money system now is a house of cards, with no
underlying inherent value.
I like that one.

you mean if i get more CC I have more money.? Dam I'v been throewing away all that money in CC ads I'v been getting in the mail.
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Old 05-15-2008, 02:23 PM
rdc rdc is offline
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Originally Posted by Snowman66 View Post
I like that one.

you mean if i get more CC I have more money.? Dam I'v been throewing away all that money in CC ads I'v been getting in the mail.
Shoot, I didn't even realize I had made a pun.
I was refering to the fact that we are no longer on the gold standard, and our currency
is not backed by anything of value. Just our 'trust'.
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Old 05-15-2008, 02:34 PM
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Originally Posted by rdc View Post
Shoot, I didn't even realize I had made a pun.
I was refering to the fact that we are no longer on the gold standard, and our currency
is not backed by anything of value. Just our 'trust'.
I take it you don't own any T-bonds?
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