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Old 12.10.2008, 22:51
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Re: How Safe is UBS

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Well some national governments. To be fair, I think there's a difference between the government of a country of 300 thousand people and a country of 300 million people. At least that's what the strength of the USD and the yields on US treasury bonds are telling you.
Recently read an analysis by a German economics professor who assumed that in a worst case scenario the US could choose to default on all treasuries held by foreigners. In the end, the rest of the world could not do much except for confiscating assets held by US companies or declaring war.
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