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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: unclewest who wrote (441736)8/20/2011 9:14:26 PM
From: Paul Smith  Read Replies (2) | Respond to of 793955
 
If you pay off a debt with devalued currency does that not constitute a de facto default?

It all comes down to how you want to define default. With QE1, QE2, and maybe QE3, it seems like we are on the path to paying off our debts with dollars that are worth less than the ones that were borrowed. That is why I think it is foolish to own any long term government debt.



To: unclewest who wrote (441736)8/20/2011 10:51:29 PM
From: Hank Scorpio2 Recommendations  Respond to of 793955
 
Well, at the risk of getting too chatty for someone who doesn't post here much, if you wanted to weaken America and shift power from the West to somewhere else, what would be the best way to do it?

Fight and lose a war or create significantly more poverty and less wealth measured against other areas of the world. ie. your currency. IMO when Obama said he was going to spread it around, he wasn't just talking domestically.


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