I play this game called Wall Street Raider. I highly recommend it. Whenever I open the game it always shows the "Trading Floor Cynic's Quote of the day". I believe today's quotes are quite relevant to many of the recent discussions going on in the board.:"There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt." -- John Adams, 1826 "U.S. government debt is a safe haven the way Pearl Harbor was a safe haven in 1941." -- Niall Ferguson
I'm guessing John Adams was referring to one nation enslaving another nation. I don't find that quote relevant to today's world. Both the US and Japan have huge amounts of debt, but I doubt most citizens of either country feel like they are enslaved simply by their country of origin.As to US government debt not being safe, I suppose an argument could be made for US debt slowly declining in value over a time frame of years or decades. But Pearl Harbor? Maybe you could elaborate how that scenario would play out? Would the Fed be bombed? I don't get it.
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