Federal budget deficit for November hits $120.3 billion, record 14th straight month of red ink - Economics - Page 2 - City-Data Forum

user_id · 12-14-2009, 06:56 AM

Quote:

Originally Posted by floridasandy

most people are able to look ahead when they see ridiculous monetization of our currency, and realize that we are now in the "party" phase of all of this ridiculous spending......

Congress can't devalue the congress, rather the FED can. And the FED has been throwing massive amounts of money into the system and yet.....there is no inflation. Why? Perhaps because MV = PQ.

Chango · 12-14-2009, 08:08 AM

More doom and gloom... too bad it's true.

mikeharnen · 12-14-2009, 08:43 AM

Quote:

Originally Posted by tallrick

Just wait till nobody wants to take a chance buying T-bills. With fewer taxpayers to back them up investors would be taking a larger risk to own them. Interest rates will have to rise, a lot!

http://www.youtube.com/watch?v=dZf3Qye0BtQ

even with high interest rates it won't be enough to pay off the deficit. they already know there is no way out.