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Pulling the plug on terminally ill?
#21
McCracken always Wrote:debt is not the worst thing in the world, because we generally owe it to ourselves

Go tell that to those who placed their hard earned saving in treasury bonds....
I'm afraid the "ourself" and the debtor is not the same person in this case.
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#22
When the Treasury bonds are part of a portfolio, then those retirement funds and investors all make money, neh?
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#23
Until the ponzy scheme collapses. In this case the government will be obliged to create inflation higher than the interest rates.
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#24
(02-20-2020, 07:44 PM)Fredledingue Wrote: Until the ponzy scheme collapses. In this case the government will be obliged to create inflation higher than the interest rates.

It is not a Ponzi scheme. Under the 8 lost years of the Obama administration American companies had no incentive to invest their money in the US, now they're making up for the 8 lost years. The best is yet to come; when Trump's second term is up, American will be once again the industrial power house it once was. China, Vietnam, India, Pakistan, etc. are going to be the big losers as more companies return to the US.
The true purpose of democracy is not to select the best leaders — a clearly debatable obligation — but to facilitate the prompt and peaceful removal of obviously bad ones. 
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#25
(02-20-2020, 10:44 PM)Canuknucklehead Wrote:
(02-20-2020, 07:44 PM)Fredledingue Wrote: Until the ponzy scheme collapses. In this case the government will be obliged to create inflation higher than the interest rates.

It is not a Ponzi scheme. Under the 8 lost years of the Obama administration American companies had no incentive to invest their money in the US, now they're making up for the 8 lost years. The best is yet to come; when Trump's second term is up, American will be once again the industrial power house it once was. China, Vietnam, India, Pakistan, etc. are going to be the big losers as more companies return to the US.

I sure hope so. Spiteful
___________________________________________________________________________________________________
All men are frauds. The only difference between them is that some admit it. I myself deny it.
H. L. Mencken
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#26
And why there were less incentive than today under Obama? Suddenly it wasn't the US of A anymore? And when Trump returned it was suddenly oh, here the USA re-appeared! LOL.
Obama successfully put the US out of a recession caused by another republican administration. He saved Citygroup and GM and the US government still made a profit.

Trump, by contrast, is merely pumping the economy with debt build-up. The debt increase is even higher than his tax cut.

One day, you will have to think about what to do with this debt.
Minting a $20 trillion coin with Donald's effigy?
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#27
(02-21-2020, 06:49 PM)Fredledingue Wrote: And why there were less incentive than today under Obama? Suddenly it wasn't the US of A anymore? And when Trump returned it was suddenly oh, here the USA re-appeared! LOL.
Obama successfully put the US out of a recession caused by another republican administration. He saved Citygroup and GM and the US government still made a profit.

Trump, by contrast, is merely pumping the economy with debt build-up. The debt increase is even higher than his tax cut.

One day, you will have to think about what to do with this debt.
Minting a $20 trillion coin with Donald's effigy?

They're all guilty of kicking the can down the road Fred.  And so are the Euros, but their debt is less because they are smaller economies.   On top of that, Uncle Sam is still in Euro-LaLa Land, using American dollars in order to keep the Euros from being invaded, or invading each other like what happened in WWI and WWII.  And since the US is spending for the Euro's security, they can redirect all that saved money in order to increase the Socialist Welfare State.

Everybody is doing it, and they are all going to pay the price eventually.  And the longer it takes, the worse things will be.
___________________________________________________________________________________________________
All men are frauds. The only difference between them is that some admit it. I myself deny it.
H. L. Mencken
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#28
We had a thread here somewhere, where we discussed the investment problems in Germany, because the return on investment in its government was a negative percentage. Anyone who invested in their own country actually lost money. There was still an investment income because the country did appeal to patriotic help, but that was not a real economic boost.

This was a tax on their wealthy, appealing to them to help now, or be forced to take it in the chin later.
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#29
I agree with plug-pulling in the right situation where life in the sense of a beating heart has little cognizable value to society or even immediate families. The same applies to prolongation of life from an illness from which there will be no recovery, after most measures of life beyond mere existence have ebbed away.

A personal example. On the night of December 31, 1972 my mother took me, then 15, to New Rochelle Hospital to visit my father. His legs were waving in the air and he was unconscious. He was at the end of a battle with colorectal cancer that started in August 1971. The IV feeding tubes had been disconnected since he was supposedly flailing too much for them to safely remain in. My mother and I approved this move. His sister came in later that night in a New Years Eve gown, and ordered the tubes reconnected. Though he died in the wee hours on January 5, 1973, it took me a long time to forgive her unwanted intervention. That five days may have been minimal but multiplied times other hopeless life-extending interventions it adds up.
If it's us or them, I choose us.
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