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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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Message: Goldman Sachs/JP Morgan/Greece/Collat... Debt Derivatives & Systemic Risks

This continues what essentially is an off-topic conversation, but it is Sunday after all.............

The US is facing something like more than a trillion dollar annual deficit.

This includes interest on outstanding debt.

Interest rates are at a historically low rates of interest.

In addition, about ten trillion dollars debt has ro be refinanced regularly.

Congress has recently authorized an increase in allowable federal debt to fourteen trillion dollars.

The US is internationally seen as a safe haven currency.

BUT - interest rates will rise.

In addition to this "natural" rise in interest rates, the US may not be seen as a safe haven for much longer, so there will be an additional increase in interest rates that the US government will have to pay on its paper.

The US also faces forty trillion dollars unfunded liabilities for social programs.

THEREFORE - buy a farm and a shotgun!

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