Could the banks/lenders 'foreclose' on the government?

[berrybunches]

Just wondering if/when the government can no longer keep up with the interest on the debt we owe to the banks and other countries could they be forced to pay with our public property, like our public parks and buildings ect...?

:confused:

[RideTheDirt]

It's all going to come crashing down.Watch. When our economy falls, shit will hit the fan.I don't know the rest.

[LiveFree79]

Just wondering if/when the government can no longer keep up with the interest on the debt we owe to the banks and other countries could they be forced to pay with our public property, like our public parks and buildings ect...?

:confused:

This is already happening. Lots of our airports, roadways, ports, security is owned by foreign companies. The "banks" will never foreclose on our government because the private banking cartels are basically owned and operated by the politicians. That's how they are screwing the American citizen. They are in bed together. Our national assets are being privatized at ann alarming rate.

[DriftWood]

Just wondering if/when the government can no longer keep up with the interest on the debt we owe to the banks and other countries could they be forced to pay with our public property, like our public parks and buildings ect...?

:confused:

When you hear stuff like US owes trillions to China.. they are not talking about some big loan from the IMF or the world bank. What they are mostly talking about is the accumulated trade deficit. What they are talking about is regular companies, people and the state (in China and elsewhere) holding US dollar notes. Notes are basically a debt bond (without interest), its an "I owe you" paper. And the way you get someone to pay back on this loan.. is simply to buy something with that money. So they buy up US private companies or anything else made in the US.. there is no way anyone can force anyone to sell anything.. so all that public property is off limits.. unless the govt decides to do sell them.

That being said.. When some 3rd world countries took out big dollar denominated loans from the IMF in the 90s and where not able to pay back.. IMF managed to convince the govts to seel nationalized companies and put high taxes on the people. However this situation is a bit different as the US govt can always print dollars to pay back any dollar loans. (If the US started borrowing lots of money from foreign banks in any other currency it could not do that.)

Cheers

[Zippyjuan]

The US Debt is not backed by any physical assets, only the promise of the US to pay. The government issues securities or bonds to investors- could be domestic individuals, stock funds, investment banks, foreign versions of those, or even foreign governments. These are sold at a competitive auction where they end up paying the rate of interest the government has to pay based on what the lenders (security purchasers) are willing to pay and allow the US to sell a certain number of the securities. If buyers become more concerned about the US not paying them, they will demant higher interest rates in exchange for higher risk of not being paid. If the US does default, the bond holders lose their money. The US does not lose any assets but will find it extremely difficult to raise any money in the future and will have to pay incredibly high interest rates to do so.

[Truth Warrior]

A DECLARATION OF U.S. GOVERNMENT BANKRUPTCY?
http://www.libertypost.org/cgi-bin/readart.cgi?ArtNum=30079