[headsonpikes]

"...nobody's going to lose a nickel..."

I agree; they will be fully paid off with government guaranteed colored paper.

Bonds are famously known by monetary historians as 'certificates of guaranteed confiscation'.

For excellent reasons!

[rohry]

When you get involved in another discussion about gold, ping me. It seems everyone has "gone home" now and I just discovered this thread...

[Harrison Bergeron]

"Bonds are famously known by monetary historians as 'certificates of guaranteed confiscation'."

It never ceases to amaze me that decent conservatives can throw socialist platitudes around to demonize capitalist style revenue instruments and central banking.

I'll haul away all the useless colored paper anybody cares to discard.

[Harrison Bergeron]

'certificates of guaranteed confiscation'

I just did a google search on that quote. "Dr. Franz Pick" comes up on a whole raft of gold bug and old Y2K panic exploitation sites. Pick argues that anybody who buys gummint bonds is "paying the government for the privilege of spending the taxpayers money." He advocates liquidation of all government assets to clear the books of all debts and obligations. So do communists. Nuff said.