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Originally Posted by Wayfarer
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I have; the dips aren't dramatic enough as there hasn't been that steady of a progression upwards (see the dip after 9/11 was a bigger deflationary period than any we'd experience in the nineties why is it still higher? It makes no sense there was no dramatic inflationary climb as goldandsilver makes their out to be. My source funnily was
this.)
Quote:
Originally Posted by Wayfarer
hah! Chinese exports have fallen 18% in the past year; imports have fallen 43%. Japanese exports declined by 35% and their industrial production plunged by nearly 10%. over twenty million Chinese workers so far have lost their jobs and many analysts warn that they very well may see as many as fifty million more lost jobs. surely one couldn't veritably be so naive as to believe that the rest of the world is going to (or is even currently of the ability to) persist financing America's consumption? China has already dumped nearly two hundred billion dollars in U.S. Treasuries over the past four months. the game's over.
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The problem with this is...they are going to fund it! It's good for the countries to buy these bonds, particularity China, as purchasing treasury securities allows them to regulate the yuan and to produce so many cheap things that the world loves to purchase (so as you can see them funding this is only going to increase their exports.)
You've already acknowledged that the United States is just going to borrow deeper into debt and now you're turning around saying they're going to print off a bunch of money and then saying the rest of the world isn't in the position to buy our bonds (even though...they are?) Maybe you need to do some soul searching on this issue.