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Started By
Message
re: Bears need to wave the white flag
Posted on 4/9/20 at 1:51 pm to LSURussian
Posted on 4/9/20 at 1:51 pm to LSURussian
quote:
Do you have any idea what your point is? Because I sure don't.
Ya, my point is we are a debtor nation crushing the countries that produce our goods because of the dollar shortage. If nobody is buying our debt but the Federal Reserve what do you think happens? This wouldn't be an issue if we produced consumer goods domestically.
1
Posted on 4/9/20 at 1:51 pm to wutangfinancial
So you're not going to explain the reason for the "shortage of dollars" and why you're so concerned about it?
Posted on 4/9/20 at 2:01 pm to wutangfinancial
quote:Why is there a dollar shortage (if there is a shortage)?
my point is we are a debtor nation crushing the countries that produce our goods because of the dollar shortage.
quote:You're contradicting yourself.
If nobody is buying our debt but the Federal Reserve
You said China owns $13 trillion in U.S. debt. Although I don't believe it, let's say you're correct.
If they have $13 trillion in U.S. debt, which is how countries accumulate dollars, they can't be experiencing a dollar shortage. That would mean they have a massive dollar surplus.
Because other countries want to hold dollars, they have accumulated dollars by buying U.S. debt.
Is there a dollar shortage or are countries hoarding dollars just like nitwits in the U.S. are hoarding toilet paper?
I really don't think you understand what you're posting but you know you should be upset about something.
Posted on 4/9/20 at 2:11 pm to mule74
quote:
The government will not let the market collapse. They develop a new program every week and release it as soon as we get bad news.
QE till we die!
Posted on 4/9/20 at 2:11 pm to LSURussian
Posted on 4/9/20 at 2:15 pm to LSURussian
quote:
You said China owns $13 trillion in U.S. debt. Although I don't believe it, let's say you're correct.
I said China possibly had $13T in dollar reserves, not debt
Mises
Jesus, a simple google search yields this as the first article
This post was edited on 4/9/20 at 2:17 pm
Posted on 4/9/20 at 2:18 pm to Shepherd88
I know. But wutang is convinced someone has researched and found China owns $13 trillion in U.S. debt that's stashed in other entities' names in "off shore" accounts.
Why they would need to disguise how much U.S. debt they own and why it would be kept in "off shore accounts" is top secret.
Why they would need to disguise how much U.S. debt they own and why it would be kept in "off shore accounts" is top secret.
Posted on 4/9/20 at 2:22 pm to LSURussian
I said dollar reserves not debt for the second time.
Alright, I'm out. Buy that dip baw
Alright, I'm out. Buy that dip baw
This post was edited on 4/9/20 at 2:24 pm
Posted on 4/9/20 at 2:23 pm to wutangfinancial
quote:
I said China possibly had $13T in dollar reserves, not debt
I'm done with you. You don't even know that the way foreign countries hold dollars as reserves is by OWNING U.S. government securities. Those securities are debt of the U.S. government. And they are denominated in DOLLARS.
Are you under the impression that foreign countries keep stacks of hundred dollar bills in a vault somewhere and that's how they hold dollars in their reserves??
Posted on 4/9/20 at 2:24 pm to wutangfinancial
quote:IT'S THE SAME frickING THING!!!
I said dollar reserves not debt for the second time
Posted on 4/9/20 at 2:27 pm to wutangfinancial
The Fed is the Central Bank of the world for the time being since they have the keys to the global reserve currency kingdom and people on here can’t figure out why there is a dollar shortage so severe that the Fed now has to dollarize the globe with their helicopters.
2 words people: Debt deflation
When you get a margin call in your brokerage account YOU have a dollar shortage. The entire globe just experienced a huge margin call as trillions of debt & leverage just evaporated into thin air. What we aren’t getting and will probably never get from them (government or the Fed) exactly which big institution(s) just seized up. Was it a derivative bomb they saved from exploding?
Now the Fed is once again trying to inflate. We will see if they have enough borrowing to accomplish the mission. Impossible without sufficient borrowing.
2 words people: Debt deflation
When you get a margin call in your brokerage account YOU have a dollar shortage. The entire globe just experienced a huge margin call as trillions of debt & leverage just evaporated into thin air. What we aren’t getting and will probably never get from them (government or the Fed) exactly which big institution(s) just seized up. Was it a derivative bomb they saved from exploding?
Now the Fed is once again trying to inflate. We will see if they have enough borrowing to accomplish the mission. Impossible without sufficient borrowing.
Posted on 4/9/20 at 2:28 pm to LSURussian
It's not. They are private entities, they probably have a ton of it in higher yielding assets then USTs.
"I'm done with you"
Let's try this again. How many treasuries are you holding right now?
The fact you are denying a gloabal dollar shortage makes me think you aren't as sharp as you think you are.
"I'm done with you"
Let's try this again. How many treasuries are you holding right now?
The fact you are denying a gloabal dollar shortage makes me think you aren't as sharp as you think you are.
This post was edited on 4/9/20 at 2:30 pm
Posted on 4/9/20 at 2:31 pm to wutangfinancial
You CANNOT play his little game. All he is interested in is shooting people down.
I sincerely pray for the guy. I honestly do.
Happy Easter, Russian
I sincerely pray for the guy. I honestly do.
Happy Easter, Russian
Posted on 4/9/20 at 2:34 pm to Hussss
I like Russian. He's just confusing two different things I've pointed out and combined them into one. I pointed out there's a dollar shortage. I pointed out China has a frick ton of dollar denominated assets, wether they are in treasuries, cash, real estate, stocks or commodities I can't answer, so it's his "gotcha."
Posted on 4/9/20 at 2:38 pm to wutangfinancial
He ALWAYS has a “gotcha” no matter what, conversing with ANYONE so you cannot play that game with him.
This post was edited on 4/9/20 at 2:39 pm
Posted on 4/9/20 at 2:47 pm to wutangfinancial
quote:I don't directly own any U.S. treasuries. My brokerage accounts keep my available cash in a U.S. government short-term securities mutual fund.
Let's try this again. How many treasuries are you holding right now?
I meant it when I said I'm done with you. Debating monetary economics with you is like trying to discuss brain surgery with a slug. The final proof of that is you linked a Mises article, which you can't even explain what it says.
You can't even comprehend that other countries buy and own U.S. government debt as a way of maintaining their dollar reserves.
THAT IS THE MOST COMMON WAY OF OWNING DOLLAR RESERVES BY FOREIGN GOVERNMENTS AND CENTRAL BANKS.
You and Hussss deserve each other. Stay ignorant. And paranoid. And afraid.
Posted on 4/9/20 at 2:58 pm to wutangfinancial
quote:No, you didn't.
. I pointed out China has a frick ton of dollar denominated assets,
You said "They allegedly have $13 trillion USD resrves (sic) stacked in offshore accounts."
I asked you, "Who is 'they'?"
You replied "CCP."
That means the Chinese government.
Real estate is NOT "stacked" in an offshore account. Commodities are NOT "stacked" in an offshore account. And "cash"?? Reserve cash is kept in U.S. securities, NOT hundred dollar bills. No country keeps currency as reserve cash.
You don't know even the basics of sovereign reserves. You can't discuss it even a little bit without revealing an unbelievable ignorance on your part.
That's not a gotcha'. It's just a fact.
Posted on 4/9/20 at 3:13 pm to LSURussian
Go it. Now address the dollar shortage that you have so convieniently ignored since you locked in the CCP shadow reserves that can't be verified
You probably think it's a conspiracy that China misreports their GDP, right?
You probably think it's a conspiracy that China misreports their GDP, right?
This post was edited on 4/9/20 at 3:22 pm
Posted on 4/9/20 at 3:31 pm to wutangfinancial
quote:I have. Several times.
Go it. Now address the dollar shortage
You didn't comprehend my explanation.
Go back and re-read my toilet paper comparison. It's the same situation with dollars right now.
Central and commercial banks and their customers are afraid they are going to run out of dollars, the safe haven currency, so they are hoarding dollars by selling their domestic currency and buying U.S. government securities (dollars).
Which is why the 30-year U.S. government bond is only yielding 1.35% today and the 10-year bond is yielding less than .75%/year.
Let me guess: you have more than 25 rolls of toilet paper in your house while proclaiming there's a toilet paper shortage...
ETA: You edited and added this:
quote:Strawman argument unrelated to anything in this thread; a desperate attempt on your part to save face??
You probably think it's a conspiracy that China misreports their GDP, right?
This post was edited on 4/9/20 at 3:34 pm
Posted on 4/9/20 at 3:39 pm to LSURussian
So as somebody who clearly trusts the central bank to plug the holes, can you explain why the Fed opened up swap lines to take on those securities for cash from other central banks so that they can fund their trade and debt service? If you're arguing there is no dollar shortage because of the Fed intervention, then fine. I'm clearly not explaining it well enough. Once we're a few months in maybe it will become more clear. The global economy is way too dependent on the dollar and that is really the only point I'm trying to make.
That's from a PHD in Economics since you clearly think I'm just making it up.
That happened for several years and is no longer the case. The Federal Reserve is the main buyer of off the run treasuries right now. They own over 65% of treasuries yielding over 4%
quote:
The Federal Reserve has identified the Achilles heel of the world economy: the enormous global shortage of dollars. The global dollar shortage is estimated to be $13 trillion now, if we deduct dollar-based liabilities from money supply including reserves.
That's from a PHD in Economics since you clearly think I'm just making it up.
quote:
Which is why the 30-year U.S. government bond is only yielding 1.35% today and the 10-year bond is yielding less than .75%/year.
That happened for several years and is no longer the case. The Federal Reserve is the main buyer of off the run treasuries right now. They own over 65% of treasuries yielding over 4%
This post was edited on 4/9/20 at 4:07 pm
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