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MASSIVE Protests Erupt, Conservatives Rise Up Against Lockdown As Democrats Openly Flout The Rules
DerekJohnson
Administrator, Swaye's Wigwam Posts: 70,148 
in Tug Tavern
https://www.youtube.com/watch?v=9hE7lGxz66MComments
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super Inflation seems like a possibility. This whole thing is unsettling if not horrific
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The stimulus stuff was FS. Should have kept things open as much as possible without negligently endangering people and slogged through the resulting recession. You can't print trillions of funny money and have it not lose value.
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Lol Tim is way out of his depth when talking econ/finance.
Super inflation won't happen. I would invest in equities and assets though.
He's right about the transfer of wealth however, be a capitalist and win. -
My worry is that the dollar will lose so much value that the IMF starts talking about using another currency as they almost did in the last crash. I mean that’s the only thing that has kept this ship afloat. Our enemies financing our debt. Been that way for 30 plus years.
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The people who are subsidizing our debt are people who view US treasury bills as a safe investment. It has nothing to do with our enemies. Would you rather hold Italian debt or US debt? It is that simple. The whole safe investment thing is jeopardized when we keep printing money. The dems want an explosion of debt and printed dollars. Get a little inflation started and then interest rates go up. We currently have $27 trillion in debt at an almost zero percent borrowing cost. 10 year US treasuries are yielding under 1%. For every 1% increase in the US borrowing rate, the interest on our debt will increase by $270 billion. That is unsustainable and at some point US treasuries will not be safe.Kaepsknee said:My worry is that the dollar will lose so much value that the IMF starts talking about using another currency as they almost did in the last crash. I mean that’s the only thing that has kept this ship afloat. Our enemies financing our debt. Been that way for 30 plus years.
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That is certainly my sense of it. There are economis guysms here, whose opinions I respect, who would argue: "I keep hearing about this super inflation and it never shows up."BleachedAnusDawg said:The stimulus stuff was FS. Should have kept things open as much as possible without negligently endangering people and slogged through the resulting recession. You can't print trillions of funny money and have it not lose value.
TRYK. -
What you write makes intellectual sense. But then, the response would be found in the same (your) post: "safe" relative to what?WestlinnDuck said:
The people who are subsidizing our debt are people who view US treasury bills as a safe investment. It has nothing to do with our enemies. Would you rather hold Italian debt or US debt? It is that simple. The whole safe investment thing is jeopardized when we keep printing money. The dems want an explosion of debt and printed dollars. Get a little inflation started and then interest rates go up. We currently have $27 trillion in debt at an almost zero percent borrowing cost. 10 year US treasuries are yielding under 1%. For every 1% increase in the US borrowing rate, the interest on our debt will increase by $270 billion. That is unsustainable and at some point US treasuries will not be safe.Kaepsknee said:My worry is that the dollar will lose so much value that the IMF starts talking about using another currency as they almost did in the last crash. I mean that’s the only thing that has kept this ship afloat. Our enemies financing our debt. Been that way for 30 plus years.
Which country is doing is right/better and therefore stands to jump into our? place as the global reserve currency? -
Gold isn't a country. Neither is Bitcoin. Don't need a government if it can't do its job. The market will figure it out. Then - like Venezuela - the government will ban it. Scratch a leftist, find a fascist. Then the capital goes offshore.creepycoug said:
What you write makes intellectual sense. But then, the response would be found in the same (your) post: "safe" relative to what?WestlinnDuck said:
The people who are subsidizing our debt are people who view US treasury bills as a safe investment. It has nothing to do with our enemies. Would you rather hold Italian debt or US debt? It is that simple. The whole safe investment thing is jeopardized when we keep printing money. The dems want an explosion of debt and printed dollars. Get a little inflation started and then interest rates go up. We currently have $27 trillion in debt at an almost zero percent borrowing cost. 10 year US treasuries are yielding under 1%. For every 1% increase in the US borrowing rate, the interest on our debt will increase by $270 billion. That is unsustainable and at some point US treasuries will not be safe.Kaepsknee said:My worry is that the dollar will lose so much value that the IMF starts talking about using another currency as they almost did in the last crash. I mean that’s the only thing that has kept this ship afloat. Our enemies financing our debt. Been that way for 30 plus years.
Which country is doing is right/better and therefore stands to jump into our? place as the global reserve currency? -
@creepycoug been paying attention.creepycoug said:
What you write makes intellectual sense. But then, the response would be found in the same (your) post: "safe" relative to what?WestlinnDuck said:
The people who are subsidizing our debt are people who view US treasury bills as a safe investment. It has nothing to do with our enemies. Would you rather hold Italian debt or US debt? It is that simple. The whole safe investment thing is jeopardized when we keep printing money. The dems want an explosion of debt and printed dollars. Get a little inflation started and then interest rates go up. We currently have $27 trillion in debt at an almost zero percent borrowing cost. 10 year US treasuries are yielding under 1%. For every 1% increase in the US borrowing rate, the interest on our debt will increase by $270 billion. That is unsustainable and at some point US treasuries will not be safe.Kaepsknee said:My worry is that the dollar will lose so much value that the IMF starts talking about using another currency as they almost did in the last crash. I mean that’s the only thing that has kept this ship afloat. Our enemies financing our debt. Been that way for 30 plus years.
Which country is doing is right/better and therefore stands to jump into our? place as the global reserve currency?
US debt relative to the economy is still serviceable.
Doesn't mean we should continue to print money to finance Biden Inc. But it IS the reality.
That's without discounting for the fact that we are the undisputed reserve currency.
A bit chicken and egg that we are solvent and honor our debts and that we are viewed as a safe investment. Actually, it was George Washington but I digress.
Lol that ANYTHING is going to unseat the Dollar in the near term unless we do it to ourselves through some fs MMT or a civil war. -
I'll be candid here: I don't fundamentally understand bitcoin. And gold is as much a psychological play as currency. That is, in and of itself it has no inherent value other than for decorative purposes. It's a hunk of metal. You can't eat it or fuck it, and it doesn't keep you warm and dry. It's only valuable because there's a fixed amount of it, and people used to use it as a baseline for the dollar.WestlinnDuck said:
Gold isn't a country. Neither is Bitcoin. Don't need a government if it can't do its job. The market will figure it out. Then - like Venezuela - the government will ban it. Scratch a leftist, find a fascist. Then the capital goes offshore.creepycoug said:
What you write makes intellectual sense. But then, the response would be found in the same (your) post: "safe" relative to what?WestlinnDuck said:
The people who are subsidizing our debt are people who view US treasury bills as a safe investment. It has nothing to do with our enemies. Would you rather hold Italian debt or US debt? It is that simple. The whole safe investment thing is jeopardized when we keep printing money. The dems want an explosion of debt and printed dollars. Get a little inflation started and then interest rates go up. We currently have $27 trillion in debt at an almost zero percent borrowing cost. 10 year US treasuries are yielding under 1%. For every 1% increase in the US borrowing rate, the interest on our debt will increase by $270 billion. That is unsustainable and at some point US treasuries will not be safe.Kaepsknee said:My worry is that the dollar will lose so much value that the IMF starts talking about using another currency as they almost did in the last crash. I mean that’s the only thing that has kept this ship afloat. Our enemies financing our debt. Been that way for 30 plus years.
Which country is doing is right/better and therefore stands to jump into our? place as the global reserve currency?
Which takes me to @UW_Doog_Bot 's response. If the underlying driver of the dollar is that it is a proxy for value creation in the US Economy, then we're only going to fuck it up by becoming a second/third world country. When that happens I'm not sure where the first world will be; surely whatever drives that catastropy would likely fuck everybody else up too. What he's saying, I think, is that the fundamentals are still there for us? relative to the rest of the world. On many levels, it is still the place to be, so, loosely at least, its currency is still the one to have. If this is political for you, I also don't recall Trump being a fan of raising rates either.
I get printing money because I tend to think about almost everything in supply / demand terms. But, again, as other economis experts have said on this board, we've? been hearing that forever and we? are Ted.Knight.gif waiting. Interest rates have been ridiculously low forever; so when is a loaf of bread going to cost me $20? Shouldn't it have happened by now? I honestly don't know the answer to that question, but I acknowledge it as a fair poont response from people smarter than I about these things.
