CURACAO NESARA GESARA THE UNITED STATES WENT BANKRUPT. 2. GET AWAY WITH NO PAYING ALL DEBTS
BEFORE WE GET TO THE GRIMMEST SINGLE ENTRY ON THIS LIST, LET'S TAKE A
BREAK AND TALK ABOUT SOMETHING THAT'S NOT SO DARK, AT LEAST AS FAR AS
THE US ITSELF IS CONCERNED. RETURNING TO THE 2001 ARGENTINIAN BANKRUPTCY
ONCE MORE, OR MORE SPECIFICALLY AN ACT PERFORMED BY THE ARGENTINIAN
GOVERNMENT SEVERAL YEARS AFTERS. WITH EQUAL AMOUNTS OF GALL AND SAVVY,
THEY OFFERED TO PAY THEIR CREDITORS BACK ONE THIRD OF THE AMOUNTS OWED
IN EXCHANGE FOR FORGIVENESS OF ALL DEBTS. THAT MAY SEEM COMPLETELY
UNACCEPTABLE, BUT THE THOUGHT OF GETTING ONE THIRD OF THEIR MONEY BACK,
EVEN IF IT MEANT SACRIFICING THE PROMISE OF GETTING TWICE AS MUCH DOWN
THE LINE AT SOME UNSPECIFIED TIME, WAS ENOUGH THAT FULLY HALF OF ALL THE
CREDITORS TOOK THE DEAL. THUS IT'S QUITE POSSIBLE THAT IF, IN THIS
HYPOTHETICAL SITUATION, THE AMERICAN GOVERNMENT WAITS SOME TIME, IT
COULD PERSUADE ITS CREDITORS THAT ACCEPTING CONSIDERABLY LESS THAN THEY
WERE
OWED WOULD BE PREFERABLE TO MAKING IT IMPOSSIBLE FOR THE AMERICAN
ECONOMY TO RECOVER. AS A POPULAR SAYING IN THE WORLD OF FINANCE GOES,
"WHEN YOU OWE THE BANK $100, YOU HAVE A PROBLEM. WHEN YOU OWE THE BANK $
1,000,000 THEY HAVE A PROBLEM.
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