ST Alpha - "I'm agreeing with you, but to SB's point this is still "honoring the debt"" (Reading a Post)

SlickerTalk
Search Archives
The Leaderboard
The FAQ

Down to Post

Backboards:

Posts: 152

In response to "That's my point. Countries that don't see a 100% return won't be interested in giving credit in the future and will lower our standing in the world. " by Krusty

I'm agreeing with you, but to SB's point this is still "honoring the debt"

Posted by Roger More (aka rogermore) May 6 '16, 07:03

If you lend me $100, and I come back and say "Sorry, I don't have the full $100 - will you accept $80 as payment?", and you accept, I'm honouring the debt.

Responses:

I'd look at the idea of full faith and credit....if I bargain for a deal; that's not full faith/credit imo. - Will Hunting May 6, 07:09 6
- Circumstances change. If I take out a mortgage to buy a house, and then I lose my job and can't keep up payments, and renegotiate a new deal with the - Roger More May 6, 07:22 4
  - The difference is your example; you can't pay. We can. - Will Hunting May 6, 07:25 2
    - I get that 100%, as you can read from my other posts - I'm just saying that I understand where SB is coming from. -- nm - Roger More May 6, 07:32 1
      - They updated the article since I originally posted it, and his other comments are much less benign, imho. -- nm - znufrii May 6, 07:37
  - Illustration #368,743,997 how running country is not like running a household. -- nm - znufrii May 6, 07:24
- Exactly what I'm trying to get at. -- nm - Krusty May 6, 07:13
then the next time you ask to borrow $100 from me my response is fuck that shit. -- nm - Bacon May 6, 07:09 1
- Which is probably what the bondholders will say too. They're right to expect payment of the full amount - like I said, it's supposed to be the safest - Roger More May 6, 07:10
I guess I don't see it that way. We have a contract to pay in full and when we renegotiate we're not honoring that original deal. -- nm - Krusty May 6, 07:07 8
- It's just how it works in the financial markets -- (edited) - znufrii May 6, 07:10
- it's like bartering. No one would pay full price for a new car so they haggle it down -- nm - Beaker May 6, 07:08 6
  - We're not a car dealership. We're the richest country on Earth, our money is the world's primary reserve currency. We don't barter our debts. -- nm - Krusty May 6, 07:12 4
    - technically, isn't Qatar the world's richest country? - Andie May 6, 07:13 3
      - On a per capita basis probably. But in total, the USA's assets would be hard to beat. -- nm - Roger More May 6, 07:24
      - pretending to like Trump is hard work -- nm - Beaker May 6, 07:13
      - You know what I meant. -- nm - Krusty May 6, 07:13
  - you do that in the beginning - before you agree on the deal. once you've signed the deal for the car, you pay that full amount. -- nm* - Andie May 6, 07:11
If it's voluntary, yes. - znufrii May 6, 07:05

Post a message top

I'm agreeing with you, but to SB's point this is still "honoring the debt"

Replies are disabled on threads older than 7 days.