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Posted on 12/8/23 at 10:01 am to crazy4lsu
quote:Thanks so much professor. This certainly changes everything. It's not prepared for the worst because YOU assume that others will continue to buy the securities, without consideration of the debt owed. I do not share your assumption. If I'm wrong, we have lower debt. If you are wrong we have a HUGE PROBLEM. Called risk management. Again, when you get to the real world you'll see that those professors were mostly full of dung.
How is US monetary policy not 'prepared for the worst' as you put it? Just a note, punctuation goes inside the quotation marks in American English.
quote:Alinsky's Rules for Radicals has many more steps than just #5.
Lol you don't know what open market operations means, do you?
Posted on 12/8/23 at 10:05 am to RollTide71
quote:
This certainly changes everything. It's not prepared for the worst because YOU assume that others will continue to buy the securities, without consideration of the debt owed.
What have they done, despite US debt loads?
quote:
Alinsky's Rules for Radicals has many more steps than just #5
Jesus dude. Do you know what open market operations are or not?
Posted on 12/8/23 at 10:06 am to crazy4lsu
quote:
crazy4lsu
I can't speak for any of the others here, but you come across to me as pompous, pretentious, condescending, entitled and arrogant. None of those are endearing attributes. If you are trying to change people's minds (likely you are just trying to pretend you are smart) and you have facts on your side, then you present a valid facts-based argument and leave the personal attacks and ridicule at home.
Posted on 12/8/23 at 10:12 am to RollTide71
quote:
pretentious
Nailed it.
I think the kids call them "Basic Bitches."
Posted on 12/8/23 at 10:13 am to RollTide71
quote:
Lol you don't know what open market operations means, do you?
Alinsky's Rules for Radicals has many more steps than just #5.
Progressives throw out empty drivel that makes no sense when theyre very confused.
They argue like a woman.
Posted on 12/8/23 at 10:13 am to crazy4lsu
quote:You don't seem to understand risk management. Up to this point people are still buying. There is ZERO guarantee this will continue if/when the servicing of the debt is over 50% of our tax revenue. Again may not happen, but I'd prefer to lower the debt now and prevent it from happening. As opposed to "hoping" it won't happen.
What have they done, despite US debt loads?
quote:Jesus dude. Do you know there are more than just "#5 Ridicule is man's most potent weapon. There is no defense. It is almost impossible to counterattack ridicule. Also it infuriates the opposition, who then react to your advantage." or not?
Jesus dude. Do you know what open market operations are or not?
I can see that you've taken some classes on the subject and present yourself to be an expert. You don't seem to be an expert in life or interacting with others.
"Open market operations refer to the selling and purchasing of the treasury bills and government securities by the central bank of any country in order to regulate money supply in the economy. It is one of the most important ways of monetary control that is exercised by the central banks." Keep in mind that you can only sell things if people are interested in buying them.
This post was edited on 12/8/23 at 10:16 am
Posted on 12/8/23 at 10:15 am to RogerTheShrubber
quote:FACT
They argue like a woman.
Posted on 12/8/23 at 10:19 am to RollTide71
quote:
They argue like a woman.
FACT
Progressivism is totally feminism. There isnt anything in that vapid idology for men.
Original feminism taught independence. Todays Feminism has been coopted by the far radical left to create soft, easily manipulated women.
Women and their progressive leash dog men, will bring up evils a thousand years ago when no one today was alive, but excuse a murderer as being a victim of society, if that person fits specific racial criteria.
This post was edited on 12/8/23 at 10:25 am
Posted on 12/8/23 at 10:23 am to RollTide71
Still trying to figure out what you’re talking about by this.
quote:
At least you had the courage to respond directly to me this time.
Posted on 12/8/23 at 10:26 am to Ribbed
quote:
Which Dem?
JB like he did in 2020
Same as you HHTM
Posted on 12/8/23 at 10:28 am to SDVTiger
quote:
Which Dem?
JB like he did in 2020
You progressives love a good fairy tale.
Posted on 12/8/23 at 10:35 am to RollTide71
quote:
pompous, pretentious, condescending, entitled and arrogant
Kick-arse
quote:
you have facts on your side, then you present a valid facts-based argument
I do have the facts. First, the US spent a considerable amount of money developing an international framework for the purposes of trade, in which countries actively participate. The attempts to join this network involve completely reorganizing their governments and economies and take upwards of a decade to implement. And those countries get the benefit of being under the US umbrella. There is no incentive to leave this system and there is no other system in place even if countries wanted to leave. Because of this, we have a base demand for US dollars. Since US monetary policy is based on dollars being used to facilitate transactions and settle balance of payments, generally countries use dollars for balance of payments. This adds to the base demand for dollars, as even countries like Iran, which exists outside the US system, need US dollars. Iran was effectively crippled when its foreign US reserves, with those reserves being stored in various non-US banks. And it got non-favorable terms in their 2020 agreement with China, as trade was done in yuans rather than dollars. Since there is no tertiary market for yuans other than the Chinese market, the use of those reserves is limited.
Countries and institutions are buying US securities regardless of the US debt outlook. When those securities mature, the interest will be paid out in dollars, which will be used in the robust network of trade the US developed. That will increase growth due to the increased number of transactions taking place in dollars.
There is no evidence of any other system developing at this moment. It can happen in the future, but far more political capital is invested in this system than developing something new.
This isn't to say that issues with interest payments aren't to be taken seriously, but rather than the US sits in a rather robust position relative to others. And given the direction Powell has taken since 2022, I'd be surprised if we saw a return to a more expansive monetary policy.
Posted on 12/8/23 at 10:36 am to RogerTheShrubber
And you marxists hate the truth
Posted on 12/8/23 at 10:53 am to I B Freeman
Don't care I want those leftist jerks broke.
Posted on 12/8/23 at 10:54 am to Taxing Authority
quote:
If you taxed every dollar in income above $1,000,000… you couldn’t balance the budget as it is now. Much less pay off any debt.
Don't care I want those jerks broke.
Posted on 12/8/23 at 10:55 am to SDVTiger
quote:
And you marxists hate the truth
Youre the one excusing Donny from jump starting the current inflationary trend.
Posted on 12/8/23 at 10:58 am to RogerTheShrubber
we have no debt,it has been paid off
Posted on 12/8/23 at 10:58 am to crazy4lsu
quote:Yet, your position requires they cannot compete for the US to remain solvent. Its an interesting position to be sure.
Nations in international politics compete.
Posted on 12/8/23 at 10:59 am to crazy4lsu
quote:Not dense. Just right.
How are you this dense?
quote:Did I say I did? But it doesn’t matter. Are you under the impression our debt will ever be smaller than it is now? Are you think our manufacturing base is coming back?
Do you think rapproachment happens overnight?
Everyone feels rich while they run up debt. It’s not an argument of merit.
This post was edited on 12/8/23 at 11:09 am
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