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Discussion and Debate
Discussion and Debate
Politics
General Political Discussion
Economic Impact of Debt.
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<blockquote data-quote="Laodicean60" data-source="post: 77524948" data-attributes="member: 450284"><p>Also, Japan is not the world's reserve currency. What happens when our credit rating goes down even further and our collateral (treasuries) aren't a premium form of collateral anymore? Around the world, there is a thing called the eurodollar system that uses US treasuries as collateral and the reason they use treasuries is because of trust. If someday we default by not being able to pay interest on our debt to other countries, no one will buy treasuries and China or Japan will repo America. Maybe the Great Reset? All in all, it's the American people that will suffer.</p><p></p><p>Printing money is not the answer,</p><p>[URL unfurl="true"]https://www.cnbc.com/2019/11/25/fed-economists-warn-of-inflation-and-economic-ruin-if-mmt-is-adopted.html[/URL]</p></blockquote><p></p>
[QUOTE="Laodicean60, post: 77524948, member: 450284"] Also, Japan is not the world's reserve currency. What happens when our credit rating goes down even further and our collateral (treasuries) aren't a premium form of collateral anymore? Around the world, there is a thing called the eurodollar system that uses US treasuries as collateral and the reason they use treasuries is because of trust. If someday we default by not being able to pay interest on our debt to other countries, no one will buy treasuries and China or Japan will repo America. Maybe the Great Reset? All in all, it's the American people that will suffer. Printing money is not the answer, [URL unfurl="true"]https://www.cnbc.com/2019/11/25/fed-economists-warn-of-inflation-and-economic-ruin-if-mmt-is-adopted.html[/URL] [/QUOTE]
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Discussion and Debate
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Economic Impact of Debt.
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