theredkay1 posted:
Why would the world reject using the dollar as a unit of exchange?
-Espiritu- posted:
This statement is correct. As long as we can rollover our previous debt, and the new debt we incur, through the sale of bonds, we can continue spending.
Unfortunately the hunger for our debt is already being artificially stimulated by the Federal Reserve, whose balance sheet has grown by $2 Trillion dollars. When The Fed becomes the only customer for treasuries... well then all that needs to happen is the world to reject our currencies reserve status, and kaboom.
Bjorvald posted:
As long as people keep buying bonds we can spend, spend, spend, till the cows come home! 20% of GDP?? pfft.
As long as people keep buying bonds we can spend, spend, spend, till the cows come home! 20% of GDP?? pfft.
This statement is correct. As long as we can rollover our previous debt, and the new debt we incur, through the sale of bonds, we can continue spending.
Unfortunately the hunger for our debt is already being artificially stimulated by the Federal Reserve, whose balance sheet has grown by $2 Trillion dollars. When The Fed becomes the only customer for treasuries... well then all that needs to happen is the world to reject our currencies reserve status, and kaboom.
Why would the world reject using the dollar as a unit of exchange?
Becuase they will realize it is worthless like all fiat currencies that came before and those that will follow after
theredkay1 posted:
What is that kaboom?
What is that kaboom?
Think Zimbabwe
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BT is usually right - Onslaught
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BT is usually right - Onslaught
i think we need more BT on page 1 - FighterUSAF
Yep, BT is right - Aerlinthian
Got guns & ammo? Food? Precious metals?
