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: Elroy Jetson who wrote (104749)9/1/2009 4:04:08 PM
From: GST2 Recommendations  Read Replies (1) of 110194
 
<the U.S. government does not have unmanageably high debt levels> The US cannot find anybody to finance the US current account deficit . To say that the US does not have an unmanageable debt level is pure hogwash -- there is no source of funds to service and expand the current account deficit. If you do not grasp this fact then you do not grasp the situation at all. BTW -- the debt you must look at is the current account deficit -- but you knew that already didn't you? Balancing the current account deficit is THE issue -- but you knew that already didn't you?

We have only one choice now -- repudiate debt by printing money -- and that is exactly what we are doing by printing money. It is why China has warned us on the dollar as they will only stand pat with their holdings if we assure them that we will not repudiate our debt -- or at least that we will control the rate and extent of repudiation. And repudiation means inflation -- but you knew that already didn't you?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News