The Debt Ceiling is Scarier This Time

[Peter Andersen]

If foreigners demand higher interest rates to hold US debt your whole world will collapse

if foreigners use another currency for natural resource transactions your. Whole world will collapse

Good point Zits. I think Italy and Brazil are paying higher interest. They should buy there!

 

[Peter Andersen]

The big danger is …who will buy American debt ?

Good point Zits. I think Italy and Brazil are paying higher interest. They should buy there!
I also have an apartment house in Omsk they can buy.

 

[slug zitski]

Suddenly Everyone Is Hunting for Alternatives to the US Dollar

King Dollar is facing a revolt.

www.bloomberg.com

 

[Not for nothing]

Get ready? You are just learning this now?
What are China's best alternative investments to US Treasuries, companies, real estate?

Know it for a long time, nothing new
It's just a game of Monopoly, most houses and hotels win.
The rest of us end up in jail/bankrupt and can't pass go and collect$200,

 

[Voyageur]

Are you ready to send it?

 

[slug zitski]

How the US has weaponised the dollar using its armoury of sanctions

The US exerts unprecedented control over global economic activity

www.business-standard.com

 

[Voyageur]

strength means peace

 

[Raz'r]

When you owe China a billion dollars, you own them.

When you owe China a trillion dollars, they own you!!!

Not really. Why does China own so many $s? Cause we keep sending them their way. They need to do something with all the $s they receive. They can buy US goods (but as good mercantilists, they do not), they can use it to buy commodities, which they do, they can use it to buy property in the US which they REALLY do, and they can buy bonds with the rest. They aren't just going to sit on an asset that can earn interest, ya know?

 

[Raz'r]

Suddenly Everyone Is Hunting for Alternatives to the US Dollar

King Dollar is facing a revolt.

www.bloomberg.com

View attachment 566582

So, what you're saying, is the US needs to have MORE debt so that it can be used as reserve currency. Gotcha.

 

[Raz'r]

Has the McCarthy congress codified the Hastert Rule in their rules book for the next 2 years? If so, we may be facing default for the first time.

 

[slug zitski]

So, what you're saying, is the US needs to have MORE debt so that it can be used as reserve currency. Gotcha.

No

I’m saying that other countries are no longer willing to purchase US debt or store their reserves in US dollars

 

[Raz'r]

No

I’m saying that other countries are no longer willing to purchase US debt or store their reserves in US dollars

Yeah, that's not how it works. IF that was true, the US would have to pay more in interest than the other reserves. And that's not the case.

But if I was sovereign fund manager with billions of assets, yeah, given the shitshow that has been American politics for 4 years, and now likely 2 more, I'd diversify as well.

 

[Voyageur]

 

[Voyageur]

 

[Voyageur]

Clinton got a blowjob....

 

[Voyageur]

what did this guy, just get?

 

[Bus Driver]

what did this guy, just get?
View attachment 566588

Looks like he doesn't like the taste of the Cream of Mushroom soup.

 

[Ishmael]

what did this guy, just get?
View attachment 566588

Looks like someone forgot the lube.

 

[giegs]

No

I’m saying that other countries are no longer willing to purchase US debt or store their reserves in US dollars

Their debt is largely denominated in USD. They don't really have a choice.

 

[slug zitski]

Their debt is largely denominated in USD. They don't really have a choice.

It’s happening before your eyes