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The Federal Reserve Bank bankrupt?
So is the US The Federal Reserve Bank bankrupt? Perhaps. They are issuing lots of new fiat money to the US and other governments as no one is lending them money any more. Keep crating money until it breaks and then declare bankruptcy on a world wide scale. http://curiouscapitalist.blogs.time....dump-u-s-debt/ Which is the real reason behind government rant on currency, they want the Chinese to eat the depreciation of US debt. Suckers play by democrat debtors in denial. Boats are only going to get cheaper. -- Is government working for you, or are you working for the government? |
The Federal Reserve Bank bankrupt?
On 9/30/10 4:54 PM, Canuck57 wrote:
So is the US The Federal Reserve Bank bankrupt? Perhaps. They are issuing lots of new fiat money to the US and other governments as no one is lending them money any more. Keep crating money until it breaks and then declare bankruptcy on a world wide scale. http://curiouscapitalist.blogs.time....dump-u-s-debt/ Which is the real reason behind government rant on currency, they want the Chinese to eat the depreciation of US debt. Suckers play by democrat debtors in denial. Boats are only going to get cheaper. Wait...we're supposed to give credence to an anonymous economic prognosticating crackpot like you, a self-described "offshore" manufacturer of equally anonymous goods? -- Republicans are the Party of No: No Leaders / No Ideas / No Morals |
The Federal Reserve Bank bankrupt?
On 9/30/2010 3:02 PM, Secular Humoresque wrote:
On 9/30/10 4:54 PM, Canuck57 wrote: So is the US The Federal Reserve Bank bankrupt? Perhaps. They are issuing lots of new fiat money to the US and other governments as no one is lending them money any more. Keep crating money until it breaks and then declare bankruptcy on a world wide scale. http://curiouscapitalist.blogs.time....dump-u-s-debt/ Which is the real reason behind government rant on currency, they want the Chinese to eat the depreciation of US debt. Suckers play by democrat debtors in denial. Boats are only going to get cheaper. Wait...we're supposed to give credence to an anonymous economic prognosticating crackpot like you, a self-described "offshore" manufacturer of equally anonymous goods? Funny, going to buy a TV shortly, from one of those "offshore" manufacturers of equally anonymous goods because here in North America, we don't even make them let alone cheaply and reliably. Nobody wants to work any more, just finance their lifestyle with debt. -- Is government working for you, or are you working for the government? |
The Federal Reserve Bank bankrupt?
"Canuck57" wrote in message ... So is the US The Federal Reserve Bank bankrupt? Perhaps. They are issuing lots of new fiat money to the US and other governments as no one is lending them money any more. Keep crating money until it breaks and then declare bankruptcy on a world wide scale. http://curiouscapitalist.blogs.time....dump-u-s-debt/ Which is the real reason behind government rant on currency, they want the Chinese to eat the depreciation of US debt. Suckers play by democrat debtors in denial. Boats are only going to get cheaper. -- Is government working for you, or are you working for the government? Nuckles, nuckles... the Fed can't go bankrupt. Learn to use google. Google is your friend. |
The Federal Reserve Bank bankrupt?
"A.Boater" wrote in message ... No. Now, calm down and take your meds. Umm... that's him _on_ his meds. |
The Federal Reserve Bank bankrupt?
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The Federal Reserve Bank bankrupt?
wrote in message ... On Thu, 30 Sep 2010 17:55:44 -0700, "nom=de=plume" wrote: "Canuck57" wrote in message ... So is the US The Federal Reserve Bank bankrupt? Perhaps. They are issuing lots of new fiat money to the US and other governments as no one is lending them money any more. Keep crating money until it breaks and then declare bankruptcy on a world wide scale. http://curiouscapitalist.blogs.time....dump-u-s-debt/ Which is the real reason behind government rant on currency, they want the Chinese to eat the depreciation of US debt. Suckers play by democrat debtors in denial. Boats are only going to get cheaper. -- Is government working for you, or are you working for the government? Nuckles, nuckles... the Fed can't go bankrupt. Learn to use google. Google is your friend. Certainly it can. All it would take is for China to stop buying our debt and dump their dollars on the world money markets. As I said, it can't go bankrupt. It would certainly hurt them bad but it would kill us. The Chinese expect tanks in the street to kick them back into the fold but we would not survive as a country if it happens here. No, actually, the reverse is true. It would hurt us and wipe them out. |
The Federal Reserve Bank bankrupt?
wrote in message ... On Thu, 30 Sep 2010 22:43:35 -0400, bpuharic wrote: On Thu, 30 Sep 2010 22:32:41 -0400, wrote: Certainly it can. All it would take is for China to stop buying our debt and dump their dollars on the world money markets. john maynard keynes once said, if you owe the bank $1000 you have a problem. if you owe it $1M, they have a problem china's not going to dump anything. you think they want to lose money? what planet you right wingers live on? That is the same kind of logic that said Japan would never attack Pearl Harbor. Actually, there's some dispute about us knowing or not knowing about the impending attack. Short term money loss is not the only thing some countries think about, even if that is such a strange concept to us. We've had a very stable, long-term monetary policy in the US up until recently... about the time of Reagan. Between the Depression and then, we had recessions but nothing severe. Then, the regs got removed and/or gutted. We see the result. We need to learn from our mistakes and reinstitute the policies that stabilized our economy. China is in better shape to come out of a global depression than we are and they will own the world when they do. No they aren't. They're a much more rigid society. Millions would die if their economy went bust. The rich people here will be fine, they already operate quite well in the global economy. It will be your middle class that becomes serfs in a neo-colonial America growing food, cutting wood and mining materials for China. To some extent we already are. The rich people are usually fine. So what. The middle class would be hurt but would recover. This is yet again a case of Chicken Little (no offense intended). |
The Federal Reserve Bank bankrupt?
wrote in message ... On Thu, 30 Sep 2010 22:26:27 -0700, "nom=de=plume" wrote: wrote in message . .. On Thu, 30 Sep 2010 22:43:35 -0400, bpuharic wrote: On Thu, 30 Sep 2010 22:32:41 -0400, wrote: Certainly it can. All it would take is for China to stop buying our debt and dump their dollars on the world money markets. john maynard keynes once said, if you owe the bank $1000 you have a problem. if you owe it $1M, they have a problem china's not going to dump anything. you think they want to lose money? what planet you right wingers live on? That is the same kind of logic that said Japan would never attack Pearl Harbor. Actually, there's some dispute about us knowing or not knowing about the impending attack. Ah the old "FDR caused the attack to get us in the war" theory. That usually comes from right wingers. I'm surprised. Well, it's certainly true that FDR knew that we would be drawn into war in Europe. Short term money loss is not the only thing some countries think about, even if that is such a strange concept to us. We've had a very stable, long-term monetary policy in the US up until recently... about the time of Reagan. Between the Depression and then, we had recessions but nothing severe. Then, the regs got removed and/or gutted. We see the result. We need to learn from our mistakes and reinstitute the policies that stabilized our economy. The issue is not monetary policy, it is a decline in our capacity to produce things we can sell the world. These days most of our exports to China are raw materials. We sell them scrap iron and they sell us consumer goods. The real profit is in the manufacturing, not collecting and shipping scrap iron. Actually, the situation with China is improving... http://www.census.gov/foreign-trade/...5700.html#1990 Which isn't something I really considered. Look at the timeline... China is in better shape to come out of a global depression than we are and they will own the world when they do. No they aren't. They're a much more rigid society. Millions would die if their economy went bust. They have 1.3 billion, they can afford to lose a few million but it is unlikely it would be that bad. A global depression and fionancial collapse could set us back over 100 years. For most of China it would just set them back a decade or so and they are better equipped to recover. Wow... you're a great humanitarian! A few million here and there... after a while it becomes a bad thing I guess... with apologies to Everett Dirksen. The rich people here will be fine, they already operate quite well in the global economy. It will be your middle class that becomes serfs in a neo-colonial America growing food, cutting wood and mining materials for China. To some extent we already are. The rich people are usually fine. So what. The middle class would be hurt but would recover. Recover doing what? This isn't 1929. Our problem is not excess capacity with no place to sell it. We don't have the ability to produce much. We sold our factories to Mexico and China. The facts just don't support this statement. In the 90s.we thought we would dominate the world in the internet business but we found out there is really not much employment there. One guy sitting at a PC arranging drop shipments from Asia is not as much of an employer as a whole brick and mortar store chain, then they figured out the guy on the PC could be overseas too. (Clinton's recession) In the 2000s we filled that gap building houses, until the market was so flooded that we may not work through the inventory for years to come. (the current recession) Now we are just staring into the hole that used to be American industry and wondering what is next? This is yet again a case of Chicken Little (no offense intended). OK everything is fine, thanks, now I know my kids will be OK. Economies was and wane. There are plenty of things we export. http://www.suite101.com/content/top-...s-2009-a204269 |
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