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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 379.87+0.4%Nov 11 4:00 PM EST
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To: Joseph Silent who wrote (145317)1/12/2019 4:40:26 PM
From: THE ANT  Read Replies (2) of 217700
 
US debt is in the US dollar which is the world reserve currency. This debt can be paid off at any time by printing dollars. The only potential bad outcome is inflation should we print ourselves out of our debt. No one knows what level of printing it will take to create inflation. My guess is at least trillions and trillions of dollars. I am not sure why anyones guess would be better than mine Like the Fed weAre all data dependent. When we reach inflation wake me up. In regards to this magical number of debt to GDP of 100% This is meaningless as it applies to countries who do not hold the reserve currency. Since only one country holds the reserve currency why should we expect this 100% figure to apply to the US? Read Cullen Roach and MMT theory and Warren Mosler
China on the other hand not having the reserve currency must worry about printing causing a fall of their currency relative to the reserve currency. Not only will the fall of their currency Inflame tension with their trading partners but it will make their dollar debt more expensive to service
To understand China read a lot of Michael Petis

carnegieendowment.org
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