Thinking of Buying a Greek 100-Year Bond?… tagged: , , , , ,

Thinking of Buying a Greek 100-Year Bond?…

Posted by keeptalkinggreece in Economy, Uncategorized

What an exciting proposal! What a perfect investment! Especially for those Greeks hit by unemployment so that they will never manage to get a pension in their old days. A 100-year Bond is an extraordinary attractive call  for newborns in debt-ridden households. Reuters reported:

“Greece may be looking into kicking the can into the next century.

One of the options the sovereign is looking at is offering a 100-year bond in return for outstanding short-term debt, said a banker at one of the institutions advising Greece who said he saw the plans being studied.

BNP Paribas, Deutsche Bank and HSBC are advising Greece on its current debt restructuring exercise, alongside Lazard.”

I have been thinking seriously to buy at least one 100-year Bond and multiply my income when I’m old. I hear it could bring 20% profit. Let’s say I’m 45 years old now and invest. When I’m 145 years old, I will have the opportunity to live like a Queen! Better would be a 1000-year bond though with great expectations for a really long feature. Best would be , of course, a 30-year old Bond, a … James Bond!

Anyway the 100-Y bond is not an investment for 80+ for obvious reasons. These are better advised to invest in “Greek Taxes”.

Reuters also stressed that “credit protection markets are signalling a 94 percent probability that Greece will default within five years.” Some other marketers foresee a Greek default in six weeks, in a year, … before Christmas, after Eastern, before summer vacation 2012. However the Greek  household will default by the next tax tsunami. The Second Hundred Years’  War has not started yet, has it?