Everybody said no

Discussion in 'Financial Cents' started by dystopia, Dec 27, 2011.


  1. dystopia

    dystopia Monkey+

    I've never been able to get an answer to this question, if the world said no to the u.s. gov't were not gonna loan you anymore money, what would happen?
     
  2. larryinalabama

    larryinalabama Monkey++

    I think you will know the answer very soon.
     
    tulianr, VisuTrac and Falcon15 like this.
  3. ghrit

    ghrit Ambulatory anachronism Administrator Founding Member

    Equally as interesting would be the world's reaction if we stopped sending them money. That, too, will happen as soon as buying our bonds stops.
     
    Falcon15 and STANGF150 like this.
  4. dystopia

    dystopia Monkey+

    I've noticed a large number of career politicians retiring. For them to give up their phoney baloney do nothing jobs makes me think something comes our way.
     
    Capt. Tyree and Falcon15 like this.
  5. BTPost

    BTPost Old Fart Snow Monkey Moderator

    They Got theirs, and are now getting out, while the Getting is still good, OR before the "Folks back Home", figure out their scam, and go looking for them, with more on their minds than a handshake.... .... YMMV.....
     
  6. Falcon15

    Falcon15 Falco Peregrinus

    Those in the know, career politicians among them, have gotten what they can out of the system. They see the inevitable and are getting out, like Bruce said, and going to ground. THey intend to rise from the rubble of the disaster they helped create to "restore order" with their "long years of experience" and "reasonable approach to solving the crisis".
     
  7. VisuTrac

    VisuTrac Ваша мать носит военные ботинки Site Supporter+++

    If and when they or their offspring rise from the rubble, it will be time for a little game I like to call: "Whack-a-mole"
     
  8. limpingbear

    limpingbear future cancer survivor....



    like the Nosler comercial said...."happiness is a red haze".

    whack a mole with a 22-250 from a long ways out....
     
  9. Falcon15

    Falcon15 Falco Peregrinus

    7.62x51 at 600 yards...reasonable alternative.
     
  10. CraftyMofo

    CraftyMofo Monkey+++

    The answer is, drumroll please:

    Fed is the Biggest Holder of US Debt - MarketBeat - WSJ

    The Federal Reserve is now the largest holder of debt. That is, they are buying their own debt. I effect, we are printing money since nobody else is buying.
     
  11. Idahoser

    Idahoser Monkey+++ Founding Member

    they loan it to themselves.
     
  12. ghrit

    ghrit Ambulatory anachronism Administrator Founding Member

    On their own full faith and belief, and watch the interest accumulate in all directions with no hope of ever paying off the debt. Wonderful circular logic. Isolate each step, then ignore the climb up the hill.

    [loco]

    Looks like the non engineers don't believe that the Second Law of Thermodynamics applies equally well in finance. TANSTAAFL

    (y)
     
  13. BTPost

    BTPost Old Fart Snow Monkey Moderator

    The Big Money folks do the same thing with Imported Oil.... it loads overseas, and then starts the trip here.... while it is in transit, that Oil is bought, and sold, MANY times, with a little bit of profit taken on each transaction. So when it gets here to be unloaded at the Refinery, it is, significantly more expensive, than when it left the Oil Terminal.... .....
     
  14. dystopia

    dystopia Monkey+

    It's hard for me to wrap my head around something that does'nt make sense, that has no logic to it. The feds produce money out of thin air and then are paid back with interest on it, the best crime syndicates in the world can't beat that!!!
     
    Idahoser likes this.
  15. jungatheart

    jungatheart Beginner's Mind

    It's already happening. The Fed buys treasuries at auctions all the time. That's why China is so upset because when they do it they print money to buy the bonds which devalues all the rest of our money supply.

    And, by the way, most of the people not running for office anymore are those that voted for Obamacare. You can bet your sweet butt they are leaving to collect their end of the deal for selling their vote. God, I hate politics and politicians.
     
    Capt. Tyree and dystopia like this.
  16. VisuTrac

    VisuTrac Ваша мать носит военные ботинки Site Supporter+++

    Dystopia,

    Don't knock yourself. You hit the nail on the head.
     
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