Monetizing the Debt
#11
Banned
Joined APC: Nov 2010
Position: 727
Posts: 78
owned completely by an Australian billionaire.
#13
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?"
#15
Sorry Viper for the harshness.
Fred
#17
#18
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!
#20
Gets Weekends Off
Joined APC: May 2009
Posts: 100
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
Fred
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.
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