[brydic1]

Do you seriously believe that U S politicians will honor the stated purpose of those inflation indexed bonds. To believe so is to believe in the tooth fairy. Those bonds will not keep up with inflation if inflation runs more than 6% p/a. The lying politicians will not hesitate to repudiate the terms of those contracts anymore than government thru Chrysler and GM repudiated the terms of the senior secured bonds.

[CharlesWayneCT]

That may be true, but if so, it also means the government won’t be trusted to keep any of their other obligations either, which means people who work for the government can’t count on their paychecks, people who expect to be paid for work for the government won’t count on it, and in the end, the government will collapse.

In which case, I won’t be any worse off than the rest of the world. And at least I won’t be stuck with a room full of worthless gold bars that I can’t eat and that nobody has any money to pay me for.