copious.abundance wrote:MonteQuest wrote:So, endless monetizing of the debt? That's what you mean?
Huh??? This reply made no sense.
The FED would purchase all govt debt in an endless liquidity swap when no one else will.
copious.abundance wrote:MonteQuest wrote:So, endless monetizing of the debt? That's what you mean?
Huh??? This reply made no sense.
copious.abundance wrote:If things got so bad that every single primary dealer suddenly went belly-up, I have a feeling the last thing we'd be worrying about would be about flights out of dollar-denominated assets. Needless to say, I'm not worried about such a scenario.
copious.abundance wrote:C8 wrote:Are you saying that their is no danger posed by deficits and debt since the US controls the world currency? Am I reading you correctly?
No. You're way off topic, actually.
AgentR11 wrote: The only question that is relevant, is if there is a point, where the folks redeeming said treasury bills try to take the USD proceeds and turn them into real assets and consumables. That could create some inflation;
Lore wrote:We're just paying the price right now of the Bush spending spree
Lore wrote:No, Bush doubled the debt. Obama is just trying to pay for the credit card.
Plantagenet wrote:Lore wrote:No, Bush doubled the debt. Obama is just trying to pay for the credit card.
Obama doesn't have a credit card. Obama is using tax dollars and lots of borrowed money for his budgets.
Yes Bush doubled the debt---but then Obama doubled it again.
The annual deficits have been so large every year under Obama that the national debt will have doubled again by the time Obama leaves office..
Cheers!
Lore wrote: Bush ….Bush …. Bush …. Bush
Lore wrote:In your world everything is Obama's fault. How's that? Just because you repeatedly say so?
Lore wrote:And what actually was the cause of that debt? You fail to point that out.
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