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joshnorris14
Florida Fan
Florida
Member since Jan 2009
20604 posts

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


quote:

have we not established we are buying around $50b in debt a month?


We established the Federal Reserve is buying $45B in Treasurys a month. But, what did you mean by buy back?






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jcole4lsu
Virginia Fan
The Kwisatz Haderach
Member since Nov 2007
26396 posts

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


dear god semantics run amok







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Placebeaux
LSU Fan
One man's LOL is another man's WTF
Member since Jun 2008
22939 posts

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


quote:

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


The government goes broke every year. Government shut downs in the news??? You get me?






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joshnorris14
Florida Fan
Florida
Member since Jan 2009
20604 posts

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


quote:

The government goes broke every year.


There's a difference in a completely artificial "debt ceiling" and not being able to afford the interest on debt.






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joshnorris14
Florida Fan
Florida
Member since Jan 2009
20604 posts

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


quote:

dear god semantics run amok


I'm trying to understand what you meant by "buy back". Jesus Christ, how hard is it to answer?






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jcole4lsu
Virginia Fan
The Kwisatz Haderach
Member since Nov 2007
26396 posts

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


quote:

not being able to afford the interest on debt.

lets be honest, we really havent been able to afford the interest for a while. we are just kicking a can down the road






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joshnorris14
Florida Fan
Florida
Member since Jan 2009
20604 posts

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


quote:

lets be honest, we really havent been able to afford the interest for a while. we are just kicking a can down the road


It's really just started with the unsaturated continuation of Operation Twist last month.

And yet you still chastise China for being the largest currency manipulator.

Tell me, why is China's interest rates one of the highest in the world if it is a "currency manipulator" like you say?






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Placebeaux
LSU Fan
One man's LOL is another man's WTF
Member since Jun 2008
22939 posts

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


quote:

There's a difference in a completely artificial "debt ceiling" and not being able to afford the interest on debt


Really? The debt ceiling is real. When you borrow more money past your credit limit, do you think you can get it at the same interest rate? Hell no.

And note my earlier post about only paying 1/3 of the current interest now.






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jcole4lsu
Virginia Fan
The Kwisatz Haderach
Member since Nov 2007
26396 posts

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


quote:

And yet you still chastise China for being the largest currency manipulator.

i chastise them for having the audacity to tell the US what to do, when they have been doing it for years.

and if you are actually trying to deny that they are a massive currency manipulator then there isnt much point in a discussion.
please dont insult us by pretending that Singapore or Libya is worse. of course they are worse - they are also a tiny fraction of the economy china is. the worldwide effects are much different.






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joshnorris14
Florida Fan
Florida
Member since Jan 2009
20604 posts

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


quote:

Really? The debt ceiling is real. When you borrow more money past your credit limit, do you think you can get it at the same interest rate? Hell no.


It's not a credit limit.

It's as much of a credit limit as me saying "I won't take on more then $10,000 in debt."

And once I get to $10,000 in debt rethinking once a see a new car on sale.







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joshnorris14
Florida Fan
Florida
Member since Jan 2009
20604 posts

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


quote:

i chastise them for having the audacity to tell the US what to do, when they have been doing it for years.


The haven't been doing it for years!







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Placebeaux
LSU Fan
One man's LOL is another man's WTF
Member since Jun 2008
22939 posts

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


Really? The debt ceiling is real. When you borrow more money past your credit limit, do you think you can get it at the same interest rate? Hell no.
--------------------------------------------------------------------------------



It's not a credit limit.



------------------------------------

I give up.






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joshnorris14
Florida Fan
Florida
Member since Jan 2009
20604 posts

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


Ok





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