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Sorry, but the deficit has largely been funded by domestic demand for treasuries not foreign.
Funny, that you think you can't calculate the savings rate, yet you think you can determine (I guess from your rear) what people are doing with their assets.
Domestic demand does not mean the American sheeple. It means the Gov't.
Lets put it this way, no informed person is buying treasuries.
I'll continue with my position that the Gubment is clueless on the true savings rates, and it will continue to think and act like it has a clue, all the way to the bottom.
Domestic demand does not mean the American sheeple. It means the Gov't.
Huh? That makes no sense, the government can't purchase its own treasuries (why even issue treasuries in that case?!). The FED can purchase treasuries, but they have purchased a relatively small amount of treasuries. Most treasuries purchases have been from individual Americans, businesses etc. Sorry, if reality does not fit your preconceived idea of matters.
Quote:
Originally Posted by freedom
I'll continue with my position that the Gubment is clueless on the true savings rates....
I'm sure you'll believe whatever makes you happy, but how do you know whether the government is "clueless on the true savings rate"? Do you have any research/data that demonstrates this?
Huh? That makes no sense, the government can't purchase its own treasuries (why even issue treasuries in that case?!). The FED can purchase treasuries, but they have purchased a relatively small amount of treasuries. Most treasuries purchases have been from individual Americans, businesses etc. Sorry, if reality does not fit your preconceived idea of matters.
I'm sure you'll believe whatever makes you happy, but how do you know whether the government is "clueless on the true savings rate"? Do you have any research/data that demonstrates this?
I'll type slowwwwwlllyyyyy,
IT'S ALL GUBMENT MONEY!
They monetize debt everyday!
Read a few post back and there are some links to educate you.
The government does not monetize debt, rather the FED does. And I already mentioned the FED's treasury purchases, they are relatively modest. Most of the deficit has been funded via domestic (non-government) purchases of treasuries. This information is easily available, if you want me to post it I will.
Its funny that you tell me to read what the other poster posted as they suggest just what I'm saying, that is that the deficit is primarily being made for via domestic (non-government) demand for treasuries.
The government does not monetize debt, rather the FED does. And I already mentioned the FED's treasury purchases, they are relatively modest. Most of the deficit has been funded via domestic (non-government) purchases of treasuries. This information is easily available, if you want me to post it I will.
Its funny that you tell me to read what the other poster posted as they suggest just what I'm saying, that is that the deficit is primarily being made for via domestic (non-government) demand for treasuries.
But don't let the facts get in your way..
Symantics......Debt is owed by the American taxpayer, the Gubment sets the rules and the debt ceiling.
Gubment regulates the Fed... Ponzi 101.
It's all Fiat. Regardless of what we believe, only faith backs this worthless paper.
This is not true, the government does not regulate the FED. The FED is a separate organization and was intentionally created to be independent of the federal government. Of course, the losers in congress want to back track this...but it has yet to happen.
Quote:
Originally Posted by freedom
It's all Fiat. Regardless of what we believe, only faith backs this worthless paper.
Any money system is based on the mass psychology of the people that use it. Gold has no intrinsic value, its just a metal with rather limited industrial applications. If people did not desire it, it would be essentially worthless.
Only a barter system is based on something "real".
This is not true, the government does not regulate the FED. The FED is a separate organization and was intentionally created to be independent of the federal government. Of course, the losers in congress want to back track this...but it has yet to happen.
Who confirms/Picks the Fed chairman?
Quote:
Any money system is based on the mass psychology of the people that use it. Gold has no intrinsic value, its just a metal with rather limited industrial applications. If people did not desire it, it would be essentially worthless.
At least the Gold standard was formulated on the limited availability of a tangible asset.
Instead of a promissory note, based on a debt driven political football.
Quote:
Only a barter system is based on something "real".
Yes, because the government picks the chairman (who only gets one vote), the FED is "regulated by the government". The FED is an independent organization and is not "regulated by the government".
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