[quote=The-Shoveler][quote=dumbrenter][quote=The-Shoveler]Actually were doing about average as far as debt,
pretty much the whole world is in debt.
except china and a few other exceptions.
Automation and other Tech, will be a big equalizer in the end IMO.[/quote]
Again, if everyone is in debt, who and where are the creditors?
Anybody, Anybody other than the Chinese bogeyman for which the numbers don’t add up anyway?
And if other countries stop selling us stuff, doesn’t this mean our own economy will improve due to more manufacturing jobs? Somebody gotta make the stuff that goes for sale on WalMart.[/quote]
Yes my point, we will have to make our own stuff, but don’t count on me to put your shoes together LOL.
Actually the biggest buyer right now is our FED reserve, there are a lot of good things (ie… the debt can become a paper error at any point) and a lot of Bad things (ie… the foreign owners of our debt are dumping on the fed, actually I think this is also good).
To be honest I think the Chinese are really playing the same game internally, and I would look for them to step that up after these elections they just went through, who knows maybe in 5 years they will be in Debt TOOO!!! LOL.[/quote]
But the FED is made up of member banks which are rational profit making entities. Why would they want to keep buying debt that they know is becoming worthless soon?
