A
a a
Guest
The country has been living on credit for centuries, but the debt is becoming an increasing burden, especially because of the rise in interest rates http://xhtxs.cn/ENG
Navigation
Install the app
How to install the app on iOS
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
More options
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
The country has been living on credit for centuries, but the debt is becoming an increasing burden, especially because of the rise in intere...
A
a a
Guest
>
Yet one more #veryStupidByLowIQaa post.
Yet one more #veryStupidByLowIQaa post.
F
Fred Bloggs
Guest
On Friday, February 17, 2023 at 2:09:10 PM UTC-5, a a wrote:
> The country has been living on credit for centuries, but the debt is becoming an increasing burden, especially because of the rise in interest rates http://xhtxs.cn/ENG
They paid $220B just to service the interest on their debt in the last quarter of 2022.
U.S. GDP same year was $25T, making debt to GDP 31/25= 1.24.
https://www.sounddollar.com/whats-the-us-debt-to-gdp-ratio
This statistic on China:
The size of China\'s debt problem is truly staggering. At last measure, debt of all sorts â public and private and in all sectors of the economy â amounted to the equivalent of $51.9 trillion, almost three times the size of China\'s economy as measured by the country\'s gross domestic product. Jan 16, 2023 Forbes
Three times means debt to gdp is 300%.
China makes U.S. look like it has its act together.
> The country has been living on credit for centuries, but the debt is becoming an increasing burden, especially because of the rise in interest rates http://xhtxs.cn/ENG
They paid $220B just to service the interest on their debt in the last quarter of 2022.
U.S. GDP same year was $25T, making debt to GDP 31/25= 1.24.
https://www.sounddollar.com/whats-the-us-debt-to-gdp-ratio
This statistic on China:
The size of China\'s debt problem is truly staggering. At last measure, debt of all sorts â public and private and in all sectors of the economy â amounted to the equivalent of $51.9 trillion, almost three times the size of China\'s economy as measured by the country\'s gross domestic product. Jan 16, 2023 Forbes
Three times means debt to gdp is 300%.
China makes U.S. look like it has its act together.
F
Flyguy
Guest
On Friday, February 17, 2023 at 3:19:28 PM UTC-8, Fred Bloggs wrote:
Our debt problem will make inflation be a permanent fixture - politicians have a vested interest in reducing debt by inflating the dollar.
On Friday, February 17, 2023 at 2:09:10 PM UTC-5, a a wrote:
The country has been living on credit for centuries, but the debt is becoming an increasing burden, especially because of the rise in interest rates http://xhtxs.cn/ENG
They paid $220B just to service the interest on their debt in the last quarter of 2022.
U.S. GDP same year was $25T, making debt to GDP 31/25= 1.24.
https://www.sounddollar.com/whats-the-us-debt-to-gdp-ratio
This statistic on China:
The size of China\'s debt problem is truly staggering. At last measure, debt of all sorts â public and private and in all sectors of the economy â amounted to the equivalent of $51.9 trillion, almost three times the size of China\'s economy as measured by the country\'s gross domestic product. Jan 16, 2023 Forbes
Three times means debt to gdp is 300%.
China makes U.S. look like it has its act together.
Our debt problem will make inflation be a permanent fixture - politicians have a vested interest in reducing debt by inflating the dollar.
A
Anthony William Sloman
Guest
On Saturday, February 18, 2023 at 6:14:13 PM UTC+11, Flyguy wrote:
Economists seem to like to see a steady 2% to 3% inflation per year. Inflating the national debt out of existence doesn\'t seem to be one of the motivations they admit to.
--
Bill Sloman, Sydney
On Friday, February 17, 2023 at 3:19:28 PM UTC-8, Fred Bloggs wrote:
On Friday, February 17, 2023 at 2:09:10 PM UTC-5, a a wrote:
The country has been living on credit for centuries, but the debt is becoming an increasing burden, especially because of the rise in interest rates http://xhtxs.cn/ENG
They paid $220B just to service the interest on their debt in the last quarter of 2022.
U.S. GDP same year was $25T, making debt to GDP 31/25= 1.24.
https://www.sounddollar.com/whats-the-us-debt-to-gdp-ratio
This statistic on China:
The size of China\'s debt problem is truly staggering. At last measure, debt of all sorts â public and private and in all sectors of the economy â amounted to the equivalent of $51.9 trillion, almost three times the size of China\'s economy as measured by the country\'s gross domestic product. Jan 16, 2023 Forbes
Three times means debt to gdp is 300%.
China makes U.S. look like it has its act together.
Our debt problem will make inflation be a permanent fixture - politicians have a vested interest in reducing debt by inflating the dollar.
Economists seem to like to see a steady 2% to 3% inflation per year. Inflating the national debt out of existence doesn\'t seem to be one of the motivations they admit to.
--
Bill Sloman, Sydney
N
none
Guest
In article <09ce8fab-85a9-4530-a7f3-e57b36c30b4cn@googlegroups.com>,
Fred Bloggs <bloggs.fredbloggs.fred@gmail.com> wrote:
private?
This looks disingenuous. Do you add all mortgage, student loans and
credit card debt to the USA deficit?
How much debt is owed to the Chinese, is that taken into account?
My gut feeling says that the Chinese economy is in better shape
than the USA.
Groetjes Albert
--
Don\'t praise the day before the evening. One swallow doesn\'t make spring.
You must not say \"hey\" before you have crossed the bridge. Don\'t sell the
hide of the bear until you shot it. Better one bird in the hand than ten in
the air. First gain is a cat spinning. - the Wise from Antrim -
Fred Bloggs <bloggs.fredbloggs.fred@gmail.com> wrote:
On Friday, February 17, 2023 at 2:09:10 PM UTC-5, a a wrote:
The country has been living on credit for centuries, but the debt is
becoming an increasing burden, especially because of the rise in
interest rates http://xhtxs.cn/ENG
They paid $220B just to service the interest on their debt in the last
quarter of 2022.
U.S. GDP same year was $25T, making debt to GDP 31/25= 1.24.
https://www.sounddollar.com/whats-the-us-debt-to-gdp-ratio
This statistic on China:
The size of China\'s debt problem is truly staggering. At last measure,
debt of all sorts â public and private and in all sectors of the
economy â amounted to the equivalent of $51.9 trillion, almost three
times the size of China\'s economy as measured by the country\'s gross
domestic product. Jan 16, 2023 Forbes
private?
This looks disingenuous. Do you add all mortgage, student loans and
credit card debt to the USA deficit?
How much debt is owed to the Chinese, is that taken into account?
Three times means debt to gdp is 300%.
China makes U.S. look like it has its act together.
My gut feeling says that the Chinese economy is in better shape
than the USA.
Groetjes Albert
--
Don\'t praise the day before the evening. One swallow doesn\'t make spring.
You must not say \"hey\" before you have crossed the bridge. Don\'t sell the
hide of the bear until you shot it. Better one bird in the hand than ten in
the air. First gain is a cat spinning. - the Wise from Antrim -
J
John Larkin
Guest
On Fri, 17 Feb 2023 15:19:24 -0800 (PST), Fred Bloggs
<bloggs.fredbloggs.fred@gmail.com> wrote:
Imagine an interest rate bidding war to fund operating expenses and
keep currencies from collapsing. Imagine inflating all that debt away.
Why don\'t economists understand simple control theory?
<bloggs.fredbloggs.fred@gmail.com> wrote:
On Friday, February 17, 2023 at 2:09:10 PM UTC-5, a a wrote:
The country has been living on credit for centuries, but the debt is becoming an increasing burden, especially because of the rise in interest rates http://xhtxs.cn/ENG
They paid $220B just to service the interest on their debt in the last quarter of 2022.
U.S. GDP same year was $25T, making debt to GDP 31/25= 1.24.
https://www.sounddollar.com/whats-the-us-debt-to-gdp-ratio
This statistic on China:
The size of China\'s debt problem is truly staggering. At last measure, debt of all sorts public and private and in all sectors of the economy amounted to the equivalent of $51.9 trillion, almost three times the size of China\'s economy as measured by the country\'s gross domestic product. Jan 16, 2023 Forbes
Three times means debt to gdp is 300%.
China makes U.S. look like it has its act together.
Imagine an interest rate bidding war to fund operating expenses and
keep currencies from collapsing. Imagine inflating all that debt away.
Why don\'t economists understand simple control theory?
E
Ed Lee
Guest
On Saturday, February 18, 2023 at 4:18:30 AM UTC-8, none albert wrote:
Only if the rest of world start buying and consuming again.In article <09ce8fab-85a9-4530...@googlegroups.com>,
Fred Bloggs <bloggs.fred...@gmail.com> wrote:
On Friday, February 17, 2023 at 2:09:10 PM UTC-5, a a wrote:
The country has been living on credit for centuries, but the debt is
becoming an increasing burden, especially because of the rise in
interest rates http://xhtxs.cn/ENG
They paid $220B just to service the interest on their debt in the last
quarter of 2022.
U.S. GDP same year was $25T, making debt to GDP 31/25= 1.24.
https://www.sounddollar.com/whats-the-us-debt-to-gdp-ratio
This statistic on China:
The size of China\'s debt problem is truly staggering. At last measure,
debt of all sorts â public and private and in all sectors of the
economy â amounted to the equivalent of $51.9 trillion, almost three
times the size of China\'s economy as measured by the country\'s gross
domestic product. Jan 16, 2023 Forbes
private?
This looks disingenuous. Do you add all mortgage,
That\'s not government debt.
student loans
only if SC OK loan forgiveness
and credit card debt to the USA deficit?
no again.
How much debt is owed to the Chinese, is that taken into account?
$1T of peanuts.
Three times means debt to gdp is 300%.
China makes U.S. look like it has its act together.
My gut feeling says that the Chinese economy is in better shape
than the USA.
J
Joe Gwinn
Guest
On Sat, 18 Feb 2023 07:45:58 -0800, John Larkin
<jlarkin@highlandSNIPMEtechnology.com> wrote:
Too many complex numbers and exponentials?
Joe Gwinn
<jlarkin@highlandSNIPMEtechnology.com> wrote:
On Fri, 17 Feb 2023 15:19:24 -0800 (PST), Fred Bloggs
bloggs.fredbloggs.fred@gmail.com> wrote:
On Friday, February 17, 2023 at 2:09:10 PM UTC-5, a a wrote:
The country has been living on credit for centuries, but the debt is becoming an increasing burden, especially because of the rise in interest rates http://xhtxs.cn/ENG
They paid $220B just to service the interest on their debt in the last quarter of 2022.
U.S. GDP same year was $25T, making debt to GDP 31/25= 1.24.
https://www.sounddollar.com/whats-the-us-debt-to-gdp-ratio
This statistic on China:
The size of China\'s debt problem is truly staggering. At last measure, debt of all sorts public and private and in all sectors of the economy amounted to the equivalent of $51.9 trillion, almost three times the size of China\'s economy as measured by the country\'s gross domestic product. Jan 16, 2023 Forbes
Three times means debt to gdp is 300%.
China makes U.S. look like it has its act together.
Imagine an interest rate bidding war to fund operating expenses and
keep currencies from collapsing. Imagine inflating all that debt away.
Why don\'t economists understand simple control theory?
Too many complex numbers and exponentials?
Joe Gwinn
F
Fred Bloggs
Guest
On Saturday, February 18, 2023 at 10:59:34 AM UTC-5, Ed Lee wrote:
This is just a wild guess, but almost all private sector debt there is owed to state run banks. It seems that funding leant out to the private sector is funds they don\'t have to pay down the government debt, and therefore has the same effect on the balance sheet as having borrowed those funds.
On Saturday, February 18, 2023 at 4:18:30 AM UTC-8, none albert wrote:
In article <09ce8fab-85a9-4530...@googlegroups.com>,
Fred Bloggs <bloggs.fred...@gmail.com> wrote:
On Friday, February 17, 2023 at 2:09:10 PM UTC-5, a a wrote:
The country has been living on credit for centuries, but the debt is
becoming an increasing burden, especially because of the rise in
interest rates http://xhtxs.cn/ENG
They paid $220B just to service the interest on their debt in the last
quarter of 2022.
U.S. GDP same year was $25T, making debt to GDP 31/25= 1.24.
https://www.sounddollar.com/whats-the-us-debt-to-gdp-ratio
This statistic on China:
The size of China\'s debt problem is truly staggering. At last measure,
debt of all sorts â public and private and in all sectors of the
economy â amounted to the equivalent of $51.9 trillion, almost three
times the size of China\'s economy as measured by the country\'s gross
domestic product. Jan 16, 2023 Forbes
private?
This looks disingenuous. Do you add all mortgage,
That\'s not government debt.
student loans
only if SC OK loan forgiveness
and credit card debt to the USA deficit?
no again.
How much debt is owed to the Chinese, is that taken into account?
$1T of peanuts.
Three times means debt to gdp is 300%.
China makes U.S. look like it has its act together.
My gut feeling says that the Chinese economy is in better shape
than the USA.
Only if the rest of world start buying and consuming again.
This is just a wild guess, but almost all private sector debt there is owed to state run banks. It seems that funding leant out to the private sector is funds they don\'t have to pay down the government debt, and therefore has the same effect on the balance sheet as having borrowed those funds.
A
Anthony William Sloman
Guest
On Sunday, February 19, 2023 at 2:46:06 AM UTC+11, John Larkin wrote:
Probably because the economy isn\'t simple. It\'s driven by human choices, and most of those are irrational (because that lets you make quicker, easier decisions which are mostly right).
https://en.wikipedia.org/wiki/Daniel_Kahneman
He won \" the 2002 Nobel Memorial Prize in Economic Sciences (shared with Vernon L. Smith). His empirical findings challenge the assumption of human rationality prevailing in modern economic theory. \"
John Larkin doesn\'t want to think about that, which is one more of those irrational choices, and not one of the wise ones.
--
Bill Sloman, Sydney
On Fri, 17 Feb 2023 15:19:24 -0800 (PST), Fred Bloggs
bloggs.fred...@gmail.com> wrote:
On Friday, February 17, 2023 at 2:09:10 PM UTC-5, a a wrote:
The country has been living on credit for centuries, but the debt is becoming an increasing burden, especially because of the rise in interest rates http://xhtxs.cn/ENG
They paid $220B just to service the interest on their debt in the last quarter of 2022.
U.S. GDP same year was $25T, making debt to GDP 31/25= 1.24.
https://www.sounddollar.com/whats-the-us-debt-to-gdp-ratio
This statistic on China:
The size of China\'s debt problem is truly staggering. At last measure, debt of all sorts â public and private and in all sectors of the economy â amounted to the equivalent of $51.9 trillion, almost three times the size of China\'s economy as measured by the country\'s gross domestic product. Jan 16, 2023 Forbes
Three times means debt to gdp is 300%.
China makes U.S. look like it has its act together.
Imagine an interest rate bidding war to fund operating expenses and
keep currencies from collapsing. Imagine inflating all that debt away.
Why don\'t economists understand simple control theory?
Probably because the economy isn\'t simple. It\'s driven by human choices, and most of those are irrational (because that lets you make quicker, easier decisions which are mostly right).
https://en.wikipedia.org/wiki/Daniel_Kahneman
He won \" the 2002 Nobel Memorial Prize in Economic Sciences (shared with Vernon L. Smith). His empirical findings challenge the assumption of human rationality prevailing in modern economic theory. \"
John Larkin doesn\'t want to think about that, which is one more of those irrational choices, and not one of the wise ones.
--
Bill Sloman, Sydney
E
Ed Lee
Guest
On Saturday, February 18, 2023 at 6:27:10 PM UTC-8, Fred Bloggs wrote:
Yes, that\'s the difference between western bank loans and Chinese bank loans. Western bank loans are just transfer of wealth between private parties. But state-owned bank loans are public debts by definition.
On Saturday, February 18, 2023 at 10:59:34 AM UTC-5, Ed Lee wrote:
On Saturday, February 18, 2023 at 4:18:30 AM UTC-8, none albert wrote:
In article <09ce8fab-85a9-4530...@googlegroups.com>,
Fred Bloggs <bloggs.fred...@gmail.com> wrote:
On Friday, February 17, 2023 at 2:09:10 PM UTC-5, a a wrote:
The country has been living on credit for centuries, but the debt is
becoming an increasing burden, especially because of the rise in
interest rates http://xhtxs.cn/ENG
They paid $220B just to service the interest on their debt in the last
quarter of 2022.
U.S. GDP same year was $25T, making debt to GDP 31/25= 1.24.
https://www.sounddollar.com/whats-the-us-debt-to-gdp-ratio
This statistic on China:
The size of China\'s debt problem is truly staggering. At last measure,
debt of all sorts â public and private and in all sectors of the
economy â amounted to the equivalent of $51.9 trillion, almost three
times the size of China\'s economy as measured by the country\'s gross
domestic product. Jan 16, 2023 Forbes
private?
This looks disingenuous. Do you add all mortgage,
That\'s not government debt.
student loans
only if SC OK loan forgiveness
and credit card debt to the USA deficit?
no again.
How much debt is owed to the Chinese, is that taken into account?
$1T of peanuts.
Three times means debt to gdp is 300%.
China makes U.S. look like it has its act together.
My gut feeling says that the Chinese economy is in better shape
than the USA.
Only if the rest of world start buying and consuming again.
This is just a wild guess, but almost all private sector debt there is owed to state run banks. It seems that funding leant out to the private sector is funds they don\'t have to pay down the government debt, and therefore has the same effect on the balance sheet as having borrowed those funds.
Yes, that\'s the difference between western bank loans and Chinese bank loans. Western bank loans are just transfer of wealth between private parties. But state-owned bank loans are public debts by definition.
F
Fred Bloggs
Guest
On Saturday, February 18, 2023 at 10:46:06 AM UTC-5, John Larkin wrote:
You keep saying inflation eliminates government debt when that\'s not exactly true. It reduces the real value of debt in the short term, but it costs them in having to issue notes, bonds, and whatever else at sometimes much higher interest rates. And most of that type of borrowing is fairly long term, making the effect of the inflation fairly long term. Servicing the debt on those things is either/or just that much less revenue available for running the government and incurring even more debt at the now higher interest to cover deficit spending. It\'s fair to say high inflation is a disaster for everyone.
Here\'s blathersplain of the situation by a Federal Reserve something or another:
https://www.stlouisfed.org/on-the-economy/2022/aug/inflation-real-value-debt-double-edged-sword
On Fri, 17 Feb 2023 15:19:24 -0800 (PST), Fred Bloggs
bloggs.fred...@gmail.com> wrote:
On Friday, February 17, 2023 at 2:09:10 PM UTC-5, a a wrote:
The country has been living on credit for centuries, but the debt is becoming an increasing burden, especially because of the rise in interest rates http://xhtxs.cn/ENG
They paid $220B just to service the interest on their debt in the last quarter of 2022.
U.S. GDP same year was $25T, making debt to GDP 31/25= 1.24.
https://www.sounddollar.com/whats-the-us-debt-to-gdp-ratio
This statistic on China:
The size of China\'s debt problem is truly staggering. At last measure, debt of all sorts â public and private and in all sectors of the economy â amounted to the equivalent of $51.9 trillion, almost three times the size of China\'s economy as measured by the country\'s gross domestic product. Jan 16, 2023 Forbes
Three times means debt to gdp is 300%.
China makes U.S. look like it has its act together.
Imagine an interest rate bidding war to fund operating expenses and
keep currencies from collapsing. Imagine inflating all that debt away.
Why don\'t economists understand simple control theory?
You keep saying inflation eliminates government debt when that\'s not exactly true. It reduces the real value of debt in the short term, but it costs them in having to issue notes, bonds, and whatever else at sometimes much higher interest rates. And most of that type of borrowing is fairly long term, making the effect of the inflation fairly long term. Servicing the debt on those things is either/or just that much less revenue available for running the government and incurring even more debt at the now higher interest to cover deficit spending. It\'s fair to say high inflation is a disaster for everyone.
Here\'s blathersplain of the situation by a Federal Reserve something or another:
https://www.stlouisfed.org/on-the-economy/2022/aug/inflation-real-value-debt-double-edged-sword