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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (109865)	1/18/2015 10:17:25 PM
From: bart13	Read Replies (1) \| Respond to of 217605

And just a few messages ago, you noted that too much money creation led to inflation? In the immortal words of Bugs Bunny, "What a maroon!" You need some consistency or more meds, and to also recognize and admit that your hero Obama has created more Federal debt than any other president in history. Not terribly surprising given that you're apparently in favor of literally unlimited money creation, hyperinflation and various other eCONomic idiocies and track records that just plain don't work and never have.

To: Elroy Jetson who wrote (109865)	1/18/2015 10:18:08 PM
From: philv	Read Replies (1) \| Respond to of 217605

" Instead we've issued debt which has to be paid off with U.S. Dollars which we can make in unlimited quantity." Question: Can US dollars be made without increasing debt? And if so, why aren't all the C.B.s issuing currency to pay off all their debts? I am not sure about the accounting procedures surrounding money creation other than debt, but which they call "balance sheet".

To: Elroy Jetson who wrote (109865)	1/19/2015 12:30:16 PM
From: Horgad	Read Replies (1) \| Respond to of 217605

I think that " pondering whether or not a country that has all of its debt issued in their own currency ever would default" is a moot point. So for example imagine in the future that the US economy collapses forcing them to pay all debts with printed money as the dollar crashes because everybody in the world is fleeing dollar. Does it really matter to say China if US is repaying them with worthless dollars or not repaying them at all? Does it really matter to Social Security recipients if US send them benefits in worthless dollars or simply stops paying them? I don't think so. I do think however that having all you debt issued in your own currency and spread all over world makes it much more difficult for anybody to unwind or abandon or untangle from the dollar. Its the old adage "“Owe the bank $1000 and they own you. Owe the bank $1 million and you own them.” But that only goes so far and works for so long at delaying the inevitable results of too much debt...