Monetizing the Debt

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11-08-2010 | 03:10 PM

#11

Fresh Hot Pizza

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From: 727

Quote:

Originally Posted by Coto Pilot

The WSJ was a scary read this morning. The top three clips on the left side of the front page were that one of the Fed members was opposed to the recent moves, the German finnace minister was opposed and the Japanese prime minister was opposed.

owned completely by an Australian billionaire.

11-08-2010 | 04:11 PM

#12

viperdriver

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Well the Chinese send us valuable goods and we give them worthless paper in return. That is good for us.

11-08-2010 | 04:11 PM

#13

KiloAlpha

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From: AA A320

Quote:

Originally Posted by Fresh Hot Pizza

A little inflation would be a good thing right now, it would screw the chinese and reduce our actual national dept.

Our bonds are issued short term. When it comes time to look for more money (outside the printing press) the chinese/japanese that we just screwed are going to want a higher interest rate. Then who's screwed? Our bond rating WILL be downgraded, just a matter of when. Estimated at 2020, but likely much sooner.

According to a recent IMF report (Fiscal Monitor: Navigating the Fiscal Challenges Ahead), the US is in the second worst shape of all advanced economies. Worse than greece, portugal, and spain. Japan is atop the list.

Out of curiosity, can you please explain why inflation would be a positive thing, or do you just like spitting out one liners like "screw the chinese?"

11-08-2010 | 04:12 PM

#14

KiloAlpha

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From: AA A320

Quote:

Originally Posted by viperdriver

Well the Chinese send us valuable goods and we give them worthless paper in return. That is good for us.

Did you graduate high school?

11-08-2010 | 04:30 PM

#15

DYNASTY HVY

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From: whale wrangler

Sorry Viper for the harshness.

Quote:

Originally Posted by viperdriver

Well the Chinese send us valuable goods and we give them worthless paper in return. That is good for us.

No, the Communist Chinese send us cheap goods which we have to buy again later on when those goods wear out or break down and we give them paper in order to build up their military and to bail us out .Have we become so conditioned that we call Communist Chinese by anything other than what they truly are ?

Fred

11-08-2010 | 04:37 PM

#16

DYNASTY HVY

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From: whale wrangler

Quote:

Originally Posted by Fresh Hot Pizza

owned completely by an Australian billionaire.

How about a list of what's owned by GE while were at it ?

Fred

11-08-2010 | 07:00 PM

#17

acl65pilot

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Joined: Jun 2006

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From: A-320A

Quote:

Originally Posted by KiloAlpha

Not only did I watch his Tv show today, I'm also reading his new book.

Yes I did, whats it to you?

I too have his book on my desk. Given to me by a friend, so I figured I would read it since I love economic policy so much.

11-08-2010 | 07:02 PM

#18

acl65pilot

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From: A-320A

Quote:

Originally Posted by viperdriver

Well the Chinese send us valuable goods and we give them worthless paper in return. That is good for us.

Problem is that we are paying them with money we borrowed from them. So in effect they produce a product that we pay for using their money, and we pay them interest too. Sounds like they are getting rich off of us!

11-08-2010 | 08:20 PM

#19

42GO

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From: MD-11 Capt

All of what has been said is true, so why is ALPA and its membership (ie, YOU) paying to promote the candidates who promote the very policies and candidates who are promoting this????

11-08-2010 | 08:48 PM

#20

Controlled Rest

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Quote:

Originally Posted by DYNASTY HVY

Sounds like you were conditioned back in the Reagan days. The whole 'Red Chinese' and 'Evil Empire' times.

The Chinese government may still call themselves communist, but there is very little that is communist about them anymore. And any leftover communist policies are slowly being changed.