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On 02/12/2011 5:52 PM, bpuharic wrote:
On Fri, 02 Dec 2011 17:35:54 -0700, wrote: On 02/12/2011 2:50 PM, bpuharic wrote: On Fri, 2 Dec 2011 12:59:57 GMT, "Haywood Jablomie" wrote: this from the same guy who said the US economy is so weak that everyone is rushing to buy our debt or whatever he believes; he hasnt made a coherent argument yet Big myth, people buying the debt. US Fed is fraud printing it. hey genius. if people didnt want US debt we'd be giving interest rates like italy and spain are paying You are drummer than nails. Italy and Spain can't just print/electronically counterfeit money like the USA can. So they have to put on the brakes on spending and borrow real money at real rates. USA Bernanke US Fed just prints it. Trouble is it causes some mix of unemployment and inflation. USA hasn't borrow a significant mount of real money since late 2006. US Fed indirectly or directly owns the majority of US Treasury debt. And when debt comes due from real lenders, the lenders take their money and run, Bernanke just prints money for the next QE counterfeit run. China isn't increasing its holding in US debt, in fact it has been decreasing it. As has Japan. The result is the USD will depreciate fast, as currecny is like stock in the economy. Print twice as much, each share has half the value (inflation). gee. then i guess the entire world is stupid 'cuz they entire world is buying US debt vs the euro No one is buying US debt. US Fed buys it indirectly with electronic counterfeit in the ruse. Just because people take money out of Euro and into USDs doesn't mean it is in US Treasuries. You are too retarded to understand real economics. -- All successful people have one thing in common, if even for a moment they think rationally. |
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