SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Mark Adams who wrote (1901)11/6/2003 8:51:22 PM
From: Wade  Read Replies (1) of 110194
 
Hi Mark,

Now, I remembered seeing you at Austin, TX. Am I right?

Thanks for both of your reference articles. I enjoyed reading them.

As you pointed out that

"...the statement leads one to suggest that the problem isn't the amount of debt, it is who holds it, as debtor and creditor."

The bottom line is we are the debtor, regardless how the creditors use that profit/credit. Just as you do not know how your bank buy and sell your house mortgage to other banks. If you fail to pay the bank you will lose your house because your bank is the creditor. Let me use some thing I learned: if you owe 100K to the bank. You got a problem. However, if you owe the bank 100 million. Your bank has a problem.

Now, it is apparent that we owe too much to other nations. They are forced to finance our economy. Luckily, we have the option to print more money to pay for the debt without working. They only see that their hard earned credits evaporate before their eyes. Do you think they feel that we are are a good debtor? Will they lend us more money in the future? When our credit gets worse, the higher the interest rate we will have to pay in order to borrow money. The bottom line is if we are able to pay for the debt in the foreseeable future. I see these two lines are about to intersect. At that point, no more credit. This is what we are worried about.

Sincerely,
Wade
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News