China: Fed needs to stop printing money, currency wars on the way | Page 3 | TigerDroppings.com
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WildTchoupitoulas
"Tombstone"
Member since Jan 2010
18021 posts

re: China: Fed needs to stop printing money, currency wars on the way

quote:

A foreign country tells a foreign bank what they should be doing with our money?

Do you have any reason why they shouldn't?


joshnorris14
Florida Fan
Florida
Member since Jan 2009
21470 posts

re: China: Fed needs to stop printing money, currency wars on the way
quote:

A foreign country tells a foreign bank what they should be doing with our money? Intadasting


You know what happens when they stop buying US Debt right?


WildTchoupitoulas
"Tombstone"
Member since Jan 2010
18021 posts

re: China: Fed needs to stop printing money, currency wars on the way
quote:

You know what happens when they stop buying US Debt right?

Actually it's my understanding that the Fed has been buying a lot of that back.


Placebeaux
LSU Fan
One man's LOL is another man's WTF
Member since Jun 2008
26818 posts

re: China: Fed needs to stop printing money, currency wars on the way
quote:

Do you have any reason why they shouldn't?


Foreign interest in charge of US currency. I don't know, sounds fishy to me.


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jcole4lsu
Virginia Fan
The Kwisatz Haderach
Member since Nov 2007
27503 posts

re: China: Fed needs to stop printing money, currency wars on the way
quote:

Actually it's my understanding that the Fed has been buying a lot of that back.

yup
the whole china ownes us thing is just a meme at this point


Placebeaux
LSU Fan
One man's LOL is another man's WTF
Member since Jun 2008
26818 posts

re: China: Fed needs to stop printing money, currency wars on the way
quote:

You know what happens when they stop buying US Debt right?


In a debt based central bank system. Yes. The value falls.


joshnorris14
Florida Fan
Florida
Member since Jan 2009
21470 posts

re: China: Fed needs to stop printing money, currency wars on the way
quote:


yup
the whole china ownes us thing is just a meme at this point


China owns over a trillion in US Debt. As it is now, the Fed just happens to be buying most of the t-bonds the treasury is offering.

The Fed isn't buying Chinese owned US T-bonds.


joshnorris14
Florida Fan
Florida
Member since Jan 2009
21470 posts

re: China: Fed needs to stop printing money, currency wars on the way
quote:

In a debt based central bank system. Yes. The value falls.


Well the immediate effect is a rise in interest rates. Once the US can't afford the payments on the debt they will either default or have the Fed step in. Then the currency devalues.


jcole4lsu
Virginia Fan
The Kwisatz Haderach
Member since Nov 2007
27503 posts

re: China: Fed needs to stop printing money, currency wars on the way
point is we are buying our own debt now, not china. which was the entire rebuttal to "you know what happens when they stop buying it"


Placebeaux
LSU Fan
One man's LOL is another man's WTF
Member since Jun 2008
26818 posts

re: China: Fed needs to stop printing money, currency wars on the way
quote:

Actually it's my understanding that the Fed has been buying a lot of that back.


The Fed created 100% of the debt and owns 90% of it. I think. Only thing left to do is call the note.


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joshnorris14
Florida Fan
Florida
Member since Jan 2009
21470 posts

re: China: Fed needs to stop printing money, currency wars on the way
quote:

point is we are buying our own debt now


Not all of it. Only $45 billion per month. The Treasury issues much more than $45 billion per month in Treasurys.
This post was edited on 1/29 at 4:50 pm


jcole4lsu
Virginia Fan
The Kwisatz Haderach
Member since Nov 2007
27503 posts

re: China: Fed needs to stop printing money, currency wars on the way
we dont have to buy back all of it


joshnorris14
Florida Fan
Florida
Member since Jan 2009
21470 posts

re: China: Fed needs to stop printing money, currency wars on the way
quote:

we dont have to buy back all of it


What do you mean buy back?

They aren't "buying it back".


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Placebeaux
LSU Fan
One man's LOL is another man's WTF
Member since Jun 2008
26818 posts

re: China: Fed needs to stop printing money, currency wars on the way
quote:

Once the US can't afford the payments on the debt they will either default or have the Fed step in. Then the currency devalues.


And that happens every year around this time. They call it the fiscal cliff. Which we went over a long time ago. How does our government fix that?? RAISE THE DEBT CELING.

You know even after all the tax increases and budget cuts this year we dont pay 1/3 of the interest on the 15 trillion we owe the fed in a years time.


jcole4lsu
Virginia Fan
The Kwisatz Haderach
Member since Nov 2007
27503 posts

re: China: Fed needs to stop printing money, currency wars on the way
quote:

You know even after all the tax increases and budget cuts this year we dont pay 1/3 of the interest on the 15 trillion we owe the fed in a years time.

probably never will


joshnorris14
Florida Fan
Florida
Member since Jan 2009
21470 posts

re: China: Fed needs to stop printing money, currency wars on the way
quote:


And that happens every year around this time


It hasn't happened. I have no idea what you are talking about.


joshnorris14
Florida Fan
Florida
Member since Jan 2009
21470 posts

re: China: Fed needs to stop printing money, currency wars on the way
quote:

probably never will


Do you mind responding back to me?


jcole4lsu
Virginia Fan
The Kwisatz Haderach
Member since Nov 2007
27503 posts

re: China: Fed needs to stop printing money, currency wars on the way
quote:

Do you mind responding back to me?

you knew exactly what i meant


joshnorris14
Florida Fan
Florida
Member since Jan 2009
21470 posts

re: China: Fed needs to stop printing money, currency wars on the way
quote:

you knew exactly what i meant


No, I don't. That's why I'm asking.


jcole4lsu
Virginia Fan
The Kwisatz Haderach
Member since Nov 2007
27503 posts

re: China: Fed needs to stop printing money, currency wars on the way
have we not established we are buying around $50b in debt a month?


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