Return of Bretton Woods System

[Slade3200]

Are there no other interest-bearing investments people could hold?

There are private investment funds that would hold for a second and then go boom as the economy crashes and the value of the dollar goes to nothing

 

[Slade3200]

No of course not.

Why do you feel that way?

We wouldn’t have an economy if the debt was paid off

Why?

Both of these are explained in post #60

 

[Toddsterpatriot]

78% goes back to public hands the majority of which is the fed reserve. Boom there goes the economy.

The Fed holds about $5.1 trillion in US government debt.
Majority?

What do you mean boom goes the economy?
You're making less sense than usual.

 

[Toddsterpatriot]

Well here I am directly answering your questions and you aren’t decent enough to answer mine? Instead you answer my questions with questions?! Shame on you Toddy boy you can do better than that…

It harms the economy by causing a massive imbalance of supply demand and a wave of inflation that would completely wipe out our economy.

It harms the economy by causing a massive imbalance of supply demand

Supply and demand of what?

and a wave of inflation that would completely wipe out our economy.

Paying off debt is deflationary, not inflationary. Do you need to borrow a fiat dollar to buy a clue?

 

[Toddsterpatriot]

Both of these are explained in post #60

That babble was serious?

 

[Toddsterpatriot]

There are private investment funds that would hold for a second and then go boom as the economy crashes and the value of the dollar goes to nothing

Why can't I hold JPMorgan Chase bonds instead of Treasuries?

 

[Slade3200]

Supply and demand of what?

Money

 

[Toddsterpatriot]

Money

The government takes money and pays it to the bond holder.
How is that creating an imbalance of supply and demand?

 

[Slade3200]

Paying off debt is deflationary, not inflationary. Do you need to borrow a fiat dollar to buy a clue?

Interesting… we just saw the effects of injecting a few trillion into the economy for COVID spending… now we are talking about putting 30+ trillion back into the economy and you think it will be deflationary. Are you high?

 

[Slade3200]

That babble was serious?

Yup. Care to counter or do you only have questions?

 

[Slade3200]

Why can't I hold JPMorgan Chase bonds instead of Treasuries?

You can. They won’t be worth anything once the economy crashes but you can hold all you want

 

[Slade3200]

The government takes money and pays it to the bond holder.
How is that creating an imbalance of supply and demand?

Takes money from where? And why would bond holders want to be paid back before their bonds mature?

 

[Toddsterpatriot]

Interesting… we just saw the effects of injecting a few trillion into the economy for COVID spending… now we are talking about putting 30+ trillion back into the economy and you think it will be deflationary. Are you high?

The Fed created money out of thin air and bought bonds which funded inflationary spending.
How is paying back those bonds also inflationary? LOL!

You don't have a clue.

 

[Toddsterpatriot]

You can. They won’t be worth anything once the economy crashes but you can hold all you want

You still haven't shown that would happen.

 

[Toddsterpatriot]

Takes money from where? And why would bond holders want to be paid back before their bonds mature?

Take money from government revenue.

And why would bond holders want to be paid back before their bonds mature?

Buy bonds in the open market. If someone won't sell, wait until their bonds mature.
We don't have to pay them all back today silly.

 

[Slade3200]

The Fed created money out of thin air and bought bonds which funded inflationary spending.
How is paying back those bonds also inflationary? LOL!

You don't have a clue.

Tell me where the money comes from to pay it back and I’ll answer you

 

[Toddsterpatriot]

Tell me where the money comes from to pay it back and I’ll answer you

Same place all government money comes from.

 

[Slade3200]

Take money from government revenue.

Take money from taxes, right? So pull 30 trillion in taxes from the public and then pay it back to the public debt holders because…. Why?

 

[Toddsterpatriot]

Take money from taxes, right? So pull 30 trillion in taxes from the public and then pay it back to the public debt holders because…. Why?

So, it's NOT impossible? LOL!

 

[Slade3200]

So, it's NOT impossible? LOL!

Of course it’s possible, but it also crashes the economy do you really not understand why?