True statement | Precious Metals Message Board Posts

Precious Metals   /  Message Board  /  Read Message



Rec'd By
Authored By
Minimum Recs
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board
Msg  209397 of 213572  at  8/25/2019 1:58:07 PM  by


 In response to msg 209395 by  cluelessmeetoo
view thread

Re: True statement

 "No trade with China. Works for me."
I guess as long as you're happy we can all be happy?
If US China relations fall t a point where China divests itself of US T notes the US is screwed. The only option in a global slowdown, decreasing savings environment would be to monetize the US T debt. That works really well until it doesn't and then the SHTF in a big way. The US budget if forced to borrow 70% or 80% of what in now borrows will not function well. SS will be raided first, then poverty social nets and finally death to all pork. No way anyone gets reelected at any level in an austerity US. 
Additionally what happens if US T rates rise substantially higher than FFR and comparable WW rates and still no buyers? Does US T debt get downgraded first or after that event? 
Yeah, only the most shortsighted, naive and foolish person can really believe the US does not NEED China.  Chinese people can and will accept and muddle through way, way more pain than the US population could even come close to. US folks can't even stand loosing their cable TV for an hour or two. 

     e-mail to a friend      printer-friendly     add to library      
| More
Recs: 3     Views: 134
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board

Msg # Subject Author Recs Date Posted
209398 Re: True statement rubegoldberg 0 8/25/2019 4:22:07 PM
209405 Re: True statement cluelessmeetoo 3 8/25/2019 7:12:28 PM
209420 Re: True statement nasus25438 3 8/25/2019 11:34:26 PM

About Us  •  Contact Us  •  Follow Us on Twitter  •  Members Directory  •  Help Center  •  Advertise
Not a member yet? What are you waiting for? Create Account
Want to contribute? Support InvestorVillage by donating
© 2003-2019 All rights reserved. User Agreement
Financial Market Data provided by