Is U.S. Debt a Problem?

Discussion in 'The Economy' started by Falcon, Mar 20, 2017.

Share This Page

  1. Falcon

    Falcon Lieutenant Colonel Staff Member Social Media Team

    Joined:
    Oct 10, 2015
    Messages:
    1,049
    Likes Received:
    1,562
    Location:
    United-States
    Former Federal Reserve Chairman Alan Greenspan said that:

    "The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default"



    Normally debt for a country is a problem, but does that apply to the U.S. whose currency is the world reserve currency? Countries, investors, and other people all over the world hold U.S. dollars in effect sucking our debt for U.S. so we can print more. In addition if we default on the dollar everyone else in the world that holds the dollar is screwed.

    Is this possible:

    [​IMG]

    Or will it always be this:

    [​IMG]
     
  2. YarS

    YarS Lieutenant Colonel

    Joined:
    Oct 14, 2016
    Messages:
    1,578
    Likes Received:
    1,123
    Location:
    Russian-Federation
    Hobby:
    Wh40k, Battletech
    Ha! New way to nullification of US debt.
    https://uk.news.yahoo.com/mnuchin-threat-china-over-north-143833190.html
    1. Say that DPRK is bad.
    2. Demand from China to stop trading with them.
    3. After China's refuse declare sanctions against China.
    4. "Freeze" Chines actives in USA, including US-debt.
    5. ....
    6. PROFIT!!!
    7. Repeat with other countries.

    But it will be funny to watch, how US will live without Chines goods.
     
  3. BlueHawk

    BlueHawk Major

    Joined:
    Jan 19, 2017
    Messages:
    808
    Likes Received:
    669
    Location:
    Norway
    Hobby:
    Sport
    @YarS As far as i see it. As long America have Europa countries and Japan support. American can do what they want. Even China cant do any ting. Russian have learn that.
     
    YarS likes this.
  4. YarS

    YarS Lieutenant Colonel

    Joined:
    Oct 14, 2016
    Messages:
    1,578
    Likes Received:
    1,123
    Location:
    Russian-Federation
    Hobby:
    Wh40k, Battletech
    May be. May be not. Europe and Japan without Russia and Middle East will die from energy hunger. Without China - they will lost technologies. Without Korea and Bolivia - they will be not able to play in "Green Technologies".
    Watch how Germanies are in contrary ti stop an oil and gas trade with Russia. If USA will say them to really stop trading with Russia and China in dollars, what will they do? Right, they will buy roubles and yuans and continue to trade.
     
  5. Dook

    Dook 2nd Lieutenant

    Joined:
    Apr 10, 2018
    Messages:
    131
    Likes Received:
    14
    Location:
    United-States
    Hobby:
    Technology
    If China stopped selling goods to the US or if the US, somehow, imposed a total block of all goods from China we would just get our goods from Mexico. It would take a few months to get Mexico up and running.
     
    YarS likes this.
Loading...
Tags: