[the truth]

Originally Posted by DemolitionRed

This isn’t frontline news, but it has been lightly touched on by the economists and jumped on by a few random internet papers that have no understanding of how I.O.U work.

The debt ceiling for the U.S was the 16th of March. That’s when the dollar was due to freeze on its nearly 20 trillion debt. Outsiders haven’t been buying US debt so what’s the score here? Are the Feds printing money into oblivion… printing until deflation gives way or has the whole thing been rigged? I think the later.

Exogenous treasury money (debt free sourced at treasury) and channel it only toward instruments held on fed balance sheets. This means the new U.S. notes never actually enter the money supply.
A trillion dollar coin can be sold by the mint to the Federal reserve. This puts a trillion dollars in the Treasuries account, which is then used to swap/cancel debt.
http://www.zerohedge.com/news/2017-0...nd-halt?page=2

Debt money is fraud invented by fraudsters and the only way Trump is going to survive and keep his dollar buoyant is to find a fraudulent way to balance the books.

nothing like a green eyed red socialist to try and see only negative in positive news.....I doubt the country at large will be taking economic advice from the red party after they bankrupted us again

[Kizzy]

Originally Posted by the truth

nothing like a green eyed red socialist to try and see only negative in positive news.....I doubt the country at large will be taking economic advice from the red party after they bankrupted us again

Why do you say socialist like it's a bad thing?...

Look at the national debt 2010- present, then come back to me.

[Brillopad]

Originally Posted by Kizzy

Why do you say socialist like it's a bad thing?...

Look at the national debt 2010- present, then come back to me.

Because socialism is often about making excuses for people who do little to help themselves even when they can.

[Kizzy]

Originally Posted by Brillopad

Because socialism is often about making excuses for people who do little to help themselves even when they can.

That's a cop out peddled by laissez faire neoliberals, it's got nothing to do with socialism

[Alf]

Originally Posted by Kizzy

Why do you say socialist like it's a bad thing?...

Look at the national debt 2010- present, then come back to me.

Because it always results in tyrannical rule.

[Kizzy]

Originally Posted by Alf

Because it always results in tyrannical rule.

What are we living in now?...

[the truth]

Originally Posted by Kizzy

What are we living in now?...

a democracy

[DemolitionRed]

Originally Posted by the truth

nothing like a green eyed red socialist to try and see only negative in positive news.....I doubt the country at large will be taking economic advice from the red party after they bankrupted us again

I follow the dollar because the dollar, believe it or not, is world currency. I'm interested to know how its been decreased by a staggering $100b over a mere couple of months without Trump doing anything!!

Just as we speculate on the Maddie MacCann thread about what happened, I'm speculating how that debt got reduced. We know it wasn't Trump, we know that purchasing U.S debt is at an all time low and that the federal reserve has been in crisis, so what happened?

Green eyed red socialist... now you wouldn't be trying to insult me would you? because if your only argument is to try and insult, instead of coming back at me with intelligent argument, you lose.

[the truth]

Originally Posted by DemolitionRed

I follow the dollar because the dollar, believe it or not, is world currency. I'm interested to know how its been decreased by a staggering $100b over a mere couple of months without Trump doing anything!!

Just as we speculate on the Maddie MacCann thread about what happened, I'm speculating how that debt got reduced. We know it wasn't Trump, we know that purchasing U.S debt is at an all time low and that the federal reserve has been in crisis, so what happened?

Green eyed red socialist... now you wouldn't be trying to insult me would you? because if your only argument is to try and insult, instead of coming back at me with intelligent argument, you lose.

Because the red party bankrupted us again

[DemolitionRed]

Originally Posted by the truth

Because the red party bankrupted us again

Sighs... if you want to carry on believing that then go right ahead but I really do wish you would at least try and learn a little about how national debt works.

Britain can't go bankrupt because it doesn't have 'gold standard'.