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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (316419)12/19/2006 11:22:46 AM
From: Road Walker  Read Replies (3) | Respond to of 1574055
 
re: If holders of US debt demand payment of the US$ that the US government owes them, they will get it, in US$.

And if they do that in volume the US$ will fall to 3rd world levels.



To: Elroy who wrote (316419)12/19/2006 1:35:30 PM
From: RetiredNow  Read Replies (1) | Respond to of 1574055
 
Every time we issue debt to cover current expenses, that devalues the dollar. Your argument is circular. If a debt is not backed by an asset, then the rule of thumb in business is not to incur that debt. The only high risk case that might be worth it is if you are in a market share battle where first to market gets a huge reward.


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