how do you chalk up 6 Trillion to a yawner.
Death to Traders: Bernie plans Financial Transaction Tax on Wallstreet Speculation
- Thread starter achilles28
- Start date
Really? Is that what we were responding to these last few years of trillions of dollars of QE?
We can and would raise the money through various means, and pay it on a schedule. No investor believes that in a crisis they're going to get all their money back, and immediately. When it comes, they already know they've lost.
And you're fearing some meteoric fall in confidence in the US economy, so what country will have the meteoric rise, China? Maybe in 150 years.
Yes.
Global commodities visa vis the USD. And other currencies. Yes, China is a big one.
I just don't see it happening. Not even our parents, the British Empire, suffered that fate.
So QE was meant to instill confidence in US Government securities? Wow, I'm trying to see how you can be this far gone, but I'm not coming up with much.
What I meant was, QE was a response to the crisis, not the cause of the crisis.
I agree, but not a response to loss of full faith and credit of the United States. Thus, currency devaluation (or so-called printing) can, and has recently, occurred without creditors demanding repayment as you suggest.