Not Deflation...

Quote from jprad:

Nice spin there, sparky.

That foreign owned debt, the $2.4T you're referring to, is 25% of the total debt.

The fact remains that the Fed owns $4.8T, 52% of it and the remaining 23% is owned domestically.
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the Fed doesn't own $4.8T. not even close
 
Quote from Daal:

the Fed doesn't own $4.8T. not even close
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http://en.wikipedia.org/wiki/United_States_public_debt#Estimated_ownership

"Because there is a large variety of people who own the notes, bills, and bonds in the "public" portion of the debt, the U.S. Treasury also publishes data which groups the types of holders by a few, general categories to get a good picture of who owns United States debt. In this data set, some of the public portion is moved and combined with the total government portion because this amount is owned by the Federal Reserve as part of United States monetary policy. (See Federal Reserve System) As is apparent from the chart, a little more than half of the total national debt is owed to the "Federal Reserve and intragovernmental holdings". The foreign and international holders of the debt are also put together from the notes, bills, and bonds sections. Below is a chart for the data as of December, 2007:"
 
Quote from PohPoh:

This is not deflation...
anymore than it was not record home ownership, record equity prices...all of which were artificial, nominal, and not based on reality...

Deflation would imply a contraction of money supply....money supply is expanding at a record rate, despite money velocity collapsing...the Dollars being hoarded by Member banks is only a temporary, artificial situation. It cannot and will not last. Inflation remains fully intact - the damage is done.

When the Dollars are released into supply, and they certainly will be, you will see what I mean...
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you are wrong.
 
Quote from jprad:

http://en.wikipedia.org/wiki/United_States_public_debt#Estimated_ownership

"Because there is a large variety of people who own the notes, bills, and bonds in the "public" portion of the debt, the U.S. Treasury also publishes data which groups the types of holders by a few, general categories to get a good picture of who owns United States debt. In this data set, some of the public portion is moved and combined with the total government portion because this amount is owned by the Federal Reserve as part of United States monetary policy. (See Federal Reserve System) As is apparent from the chart, a little more than half of the total national debt is owed to the "Federal Reserve and intragovernmental holdings". The foreign and international holders of the debt are also put together from the notes, bills, and bonds sections. Below is a chart for the data as of December, 2007:"
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lol. the very part you highlighted is where you are wrong. you said the fed owns $4.8T, they dont, its much less than that
 
Quote from Daal:

lol. the very part you highlighted is where you are wrong. you said the fed owns $4.8T, they dont, its much less than that
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Back it up then. Provide a link that breaks down that 52% figure.
 
Quote from makloda:

Thank God. I'd always rather see massive
inflation than massive deflation.
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chaos will be the result in either case. in inflation the middle class will be destroyed as in germany in the 20's bringing on Hitler.
why do u make this statement?
 
Quote from jprad:

It all depends on where you're at on the wealth spectrum as to which one sucks.
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Deflation is not bad if you have no debt and lots of cash.

Hyperinflation fucks everyone.
 
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