Author Topic: Debt and the US Dollar (Read 4366 times)

chuckjames · « **on:** April 16, 2015, 03:44:26 PM »

Just wondering with the Dollar being incredible strong when the collapse of the economy due to our debt happens, I've been promised it for like 6 years now.

john "teach me how to" dougie · « **Reply #1 on:** April 16, 2015, 04:13:20 PM »

John Dougie Fun Fact: Did you know that more than 9% of the 2014 tax revenue was used to service the interest on the national debt?

Spracne · « **Reply #2 on:** April 16, 2015, 04:30:02 PM »

Hopefully soon because I'm just sitting on all this gold bullion I picked up at Costco.

Rage Against the McKee · « **Reply #3 on:** April 16, 2015, 04:36:43 PM »

Quote from: Spracne on April 16, 2015, 04:30:02 PM

Hopefully soon because I'm just sitting on all this gold bullion I picked up at Costco.

You can just give it away during Christmas if the collapse doesn't happen.

K-S-U-Wildcats! · « **Reply #4 on:** April 16, 2015, 04:41:40 PM »

I don't understand why we won't just run the debt up to $50trillion and buy every American a Tesla or something fun like that. Oh, I remember why. Friggin Republicans.

Dugout DickStone · « **Reply #5 on:** April 16, 2015, 04:44:11 PM »

Quote from: K-S-U-Wildcats! on April 16, 2015, 04:41:40 PM

I don't understand why we won't just run the debt up to $50trillion and buy every American a Tesla or something fun like that. Oh, I remember why. Friggin Republicans.

yeah, the crazy frugal republican party

Rage Against the McKee · « **Reply #6 on:** April 16, 2015, 04:44:19 PM »

Quote from: K-S-U-Wildcats! on April 16, 2015, 04:41:40 PM

I don't understand why we won't just run the debt up to $50trillion and buy every American a Tesla or something fun like that. Oh, I remember why. Friggin Republicans.

Obamacars

chuckjames · « **Reply #7 on:** April 16, 2015, 04:59:37 PM »

The fact remains the US dollar is the safe haven currency despite treacherous attempts by certain sects of people to make us default on the national debt for no rational reason.

chuckjames · « **Reply #8 on:** April 16, 2015, 05:03:23 PM »

Quote from: john "teach me how to" dougie on April 16, 2015, 04:13:20 PM

John Dougie Fun Fact: Did you know that more than 9% of the 2014 tax revenue was used to service the interest on the national debt?

YAWN, still the worlds safe haven. Also since probably 50% of that debt is held domestically*, that interest is taxable.

*Im too lazy too look up who actually owns our debt but 50% seems like a conservative estimate.

chuckjames · « **Reply #9 on:** April 16, 2015, 05:07:34 PM »

One last point. #AuditTheFed for the Conservetards who don't understand modern macro economic theory.

K-S-U-Wildcats! · « **Reply #10 on:** April 16, 2015, 06:35:59 PM »

Quote from: chuckjames on April 16, 2015, 04:59:37 PM

The fact remains the US dollar is the safe haven currency despite treacherous attempts by certain sects of people to make us default on the national debt for no rational reason.

Fun fact: even during the "government shutdown" that wasn't really a shutdown, we were never in any danger of defaulting on our debt. We had way more than enough money to continue servicing it. The fact that you parrot such idiotic talking points pretty much speaks for itself.

wetwillie · « **Reply #11 on:** April 16, 2015, 06:38:13 PM »

I wish we could give Barry 4 more years, the unemployment rate is 5.5 percent, stock market is rocking, interest rates are fantastic, US army is the smallest since 1940. He figured it out and now we are going to just let him leave.

star seed 7 · « **Reply #12 on:** April 16, 2015, 06:39:39 PM »

wetwillie isn't up to date on martial law apparently

wetwillie · « **Reply #13 on:** April 16, 2015, 06:40:43 PM »

Quote from: libliblibliblibliblib on April 16, 2015, 06:39:39 PM

wetwillie isn't up to date on martial law apparently

What?

star seed 7 · « **Reply #14 on:** April 16, 2015, 06:43:56 PM »

obama is going to declare martial law and then abolish the term limit, don't you rough ridin' read? good grief

wetwillie · « **Reply #15 on:** April 16, 2015, 06:45:02 PM »

Quote from: libliblibliblibliblib on April 16, 2015, 06:43:56 PM

obama is going to declare martial law and then abolish the term limit, don't you rough ridin' read? good grief

Oh that is good news, kind of bad timing though with the smallest army and all though.

BringBackEcoKat · « **Reply #16 on:** April 16, 2015, 08:59:50 PM »

I might honestly prefer that over Hillary running..

Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!) · « **Reply #17 on:** April 17, 2015, 09:13:23 AM »

Quote from: chuckjames on April 16, 2015, 03:44:26 PM

Just wondering with the Dollar being incredible strong when the collapse of the economy due to our debt happens, I've been promised it for like 6 years now.

1. Incredibly strong = lol
2. Safe haven = FRB shadow bank buying billions of dollars of new debt per week

What a dumbass

Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!) · « **Reply #18 on:** April 17, 2015, 09:19:51 AM »

Hey look at us, we're doing better than the European social welfare states. Let's drive our economy towards that, I can't see any reason why our outcome would be the same.

What a mind - boggling stupid premise.

Dugout DickStone · « **Reply #19 on:** April 17, 2015, 09:34:57 AM »

Quote from: Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!) on April 17, 2015, 09:13:23 AM

Quote from: chuckjames on April 16, 2015, 03:44:26 PM
Just wondering with the Dollar being incredible strong when the collapse of the economy due to our debt happens, I've been promised it for like 6 years now.

1. Incredibly strong = lol
2. Safe haven = FRB shadow bank buying billions of dollars of new debt per week

What a dumbass

Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!) · « **Reply #20 on:** April 17, 2015, 10:03:26 AM »

Google QE3, dumbstick

Dugout DickStone · « **Reply #21 on:** April 17, 2015, 10:19:21 AM »

Quote from: Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!) on April 17, 2015, 10:03:26 AM

Google QE3, dumbstick

shadow bank

Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!) · « **Reply #22 on:** April 17, 2015, 12:11:23 PM »

Pffft...

Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!) · « **Reply #23 on:** April 17, 2015, 12:21:16 PM »

I will say, I'm flattered to have a faithful following of posters following me around the pit to nit pick and prod at posts, even if those posters are dumber than crap and don't even understand what they're nit picking or prodding at. It also effectively distracts from the idiocy of the underlying thread, which is good pit form, and I am entitled to credit for that.

Dugout DickStone · « **Reply #24 on:** April 17, 2015, 12:39:57 PM »

You have the thin skin of a high school girl