X-Message-Number: 20198 From: Date: Sat, 28 Sep 2002 10:20:27 EDT Subject: safety of fiat money --part1_115.182daf1a.2ac714ab_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit >Is it *possible* that the US Government would default on its notes, and Treasury notes and "T-bills" become worthless? There have been several long periods when real return on T-bills was negative due to inflation. And of course if you take the average of all government's bonds, rather than just the ones that survived, over the last century you'll get a more negative return due to the many defaults (Nazi bonds aren't worth much now.). I'm not saying I have the solution, just that lots of diversification is desirable. It would be nice if cryonics was more international. --part1_115.182daf1a.2ac714ab_boundary Content-Type: text/html; charset="US-ASCII" [ AUTOMATICALLY SKIPPING HTML ENCODING! ] Rate This Message: http://www.cryonet.org/cgi-bin/rate.cgi?msg=20198