Discussion in 'Economy' started by Dante, Feb 5, 2010.
Interesting comments by...
What would he do?
When you consider that we are effectively NOT paying interest on any debt that the FED buys, everything is coming up roses.
The FED quite frankly was the greatest invention since sliced cheese.
Well, several things wrong with the OP.
For starters, a lot of that interest in going overseas, rather than being paid to Americans.
Second, it assumes that interest rates remain low. That is unwarranted. A moderate rise in rates would boost the debt service quite a bit.
Finally, Dante wrote. So almost by definition it is wrong.
Cheese comes sliced?
It is called American Cheese for a reason. The Fed is American cheese. Without it we could not exist. Can you imagine having to borrow from a real institution? They knew what they were doing when they created the Fed. Thank God. Stupid shits do not understand what the Fed gives us when it comes to borrowing. Because of that, the United States still exists.
Oh learned man of the sacred scrolls, the interest that we pay over seas has a determined purpose. with it we create a concerted interest in keeping the value of the dollar up. Hence the value of the Yuan is pegged to that of the dollar. Funny how that all works, but is works swell.
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