Venezuela default

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Anonymous
Venezuela default 2016-01-20 17:22:04 Post No. 1050994
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Venezuela default Anonymous 2016-01-20 17:22:04 Post No. 1050994 [Report]

So what is the best way to profit from the impending default of Venezuela? Out of the oil based economies in the OPEC it will be the first to go.

Anonymous 2016-01-20 17:32:04 Post No.1051025
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Anonymous 2016-01-20 17:32:04 Post No.1051025 [Report]

>>1050994
How, exactly, can a state default?

Anonymous 2016-01-20 17:34:37 Post No.1051029
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Anonymous 2016-01-20 17:34:37 Post No.1051029 [Report]

>>1051025
Same as a company, they aren't able to pay their debts.

Anonymous 2016-01-20 17:38:43 Post No.1051043
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Anonymous 2016-01-20 17:38:43 Post No.1051043 [Report]

>>1051029
A company defaults because their creditors declare it so, and the authority (state) acknowledges it. States themselves have no such authority above them.

Anonymous 2016-01-20 17:40:24 Post No.1051048
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Anonymous 2016-01-20 17:40:24 Post No.1051048 [Report]

>>1051043
states have debts to banks you stupid cunt. do you think money is just magically printed out of nothing?

Anonymous 2016-01-20 17:41:37 Post No.1051055
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Anonymous 2016-01-20 17:41:37 Post No.1051055 [Report]

>>1051048
What authority do banks have over sovereign states?

Anonymous 2016-01-20 17:44:58 Post No.1051068
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Anonymous 2016-01-20 17:44:58 Post No.1051068 [Report]

>>1051043
Well, since you are not convinced:
https://en.wikipedia.org/wiki/Sovereign_default

Anonymous 2016-01-20 17:45:31 Post No.1051072
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Anonymous 2016-01-20 17:45:31 Post No.1051072 [Report]

>>1050994
>So what is the best way to profit from the impending default of Venezuela?

Cheap and willing newly impoverished cuties.

Anonymous 2016-01-20 17:47:23 Post No.1051080
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Anonymous 2016-01-20 17:47:23 Post No.1051080 [Report]

>>1051055
They authority of not lending any more money.

Anonymous 2016-01-21 07:41:53 Post No.1052354
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Anonymous 2016-01-21 07:41:53 Post No.1052354 [Report]

>>1051080
Plus rating their ability to pay back debts. Callability is recognized as impossible if they don't want to pay. Modern state can't operate without credit and insurance.

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