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Participant[quote=peterb]Countries that actually default experience much greater economic pain. Inflating out of the problem is a far better solution and basically acceptable in the world community. Kind of a game.
[/quote]Yes, but only until the rest of the world catches on to our game and cashes out.
Participant[quote=peterb]Countries that actually default experience much greater economic pain. Inflating out of the problem is a far better solution and basically acceptable in the world community. Kind of a game.
[/quote]Yes, but only until the rest of the world catches on to our game and cashes out.
Participant[quote=peterb]Countries that actually default experience much greater economic pain. Inflating out of the problem is a far better solution and basically acceptable in the world community. Kind of a game.
[/quote]Yes, but only until the rest of the world catches on to our game and cashes out.
ParticipantParticipantParticipantParticipantParticipantParticipantTo avoid default the US will fire up the printing presses. My guess is the Fed and Treasury are intertwined to provide as much money as needed to keep the world believing the broke system isn’t actually broken.
So whether it comes from the Treasury or Fed, it’s still going to be made up money.
The bigger fear is if other countries holding our treasuries devaule their own currency to inflate the value of their US$ denominated holdings, or worse they tire of our shenanigans and cash them out for another country’s debt to “invest” in, and the dollar loses it’s place at the world’s reserve currency.
ParticipantTo avoid default the US will fire up the printing presses. My guess is the Fed and Treasury are intertwined to provide as much money as needed to keep the world believing the broke system isn’t actually broken.
So whether it comes from the Treasury or Fed, it’s still going to be made up money.
The bigger fear is if other countries holding our treasuries devaule their own currency to inflate the value of their US$ denominated holdings, or worse they tire of our shenanigans and cash them out for another country’s debt to “invest” in, and the dollar loses it’s place at the world’s reserve currency.
ParticipantTo avoid default the US will fire up the printing presses. My guess is the Fed and Treasury are intertwined to provide as much money as needed to keep the world believing the broke system isn’t actually broken.
So whether it comes from the Treasury or Fed, it’s still going to be made up money.
The bigger fear is if other countries holding our treasuries devaule their own currency to inflate the value of their US$ denominated holdings, or worse they tire of our shenanigans and cash them out for another country’s debt to “invest” in, and the dollar loses it’s place at the world’s reserve currency.
ParticipantTo avoid default the US will fire up the printing presses. My guess is the Fed and Treasury are intertwined to provide as much money as needed to keep the world believing the broke system isn’t actually broken.
So whether it comes from the Treasury or Fed, it’s still going to be made up money.
The bigger fear is if other countries holding our treasuries devaule their own currency to inflate the value of their US$ denominated holdings, or worse they tire of our shenanigans and cash them out for another country’s debt to “invest” in, and the dollar loses it’s place at the world’s reserve currency.
ParticipantTo avoid default the US will fire up the printing presses. My guess is the Fed and Treasury are intertwined to provide as much money as needed to keep the world believing the broke system isn’t actually broken.
So whether it comes from the Treasury or Fed, it’s still going to be made up money.
The bigger fear is if other countries holding our treasuries devaule their own currency to inflate the value of their US$ denominated holdings, or worse they tire of our shenanigans and cash them out for another country’s debt to “invest” in, and the dollar loses it’s place at the world’s reserve currency.
ParticipantI don’t see how it can do anything but continue to cause house prices to plummet further.
This bailout trend is only going to cause more people to default. What incentive does anyone now have to pay on houses they can’t afford and/or owe more on than they are worth?
Then, what’s to stop the Government from buying up houses directly?
This is the end of the Amercian way of life, and it’s the end of American Capitalism.
Welcome to Communism Comrades.
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