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View Diary: Where is the Hyper-Inflation (22 comments)

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  •  And yet... (2+ / 0-)
    Recommended by:
    nextstep, suesue

    ...Greek bonds were yielding 4% in Nov 2009.

    Everything looks fine until it doesn't anymore.

    (-5.50,-6.67): Left Libertarian
    Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

    by Sparhawk on Sun Apr 28, 2013 at 07:45:53 PM PDT

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    •  man you will never miss an opportunity to (0+ / 0-)

      spread your wrong information around.  Greece has to borrow money because it is a currency USER, just like California or Texas.  It has given up its monetary sovereignty to a foreign currency.

      The US Govt is the ISSUER of the US dollar, the Fed sets the interest rate.  Will you never learn?

      "The Earth is my country and Science my religion" Christiaan Huygens

      by Auburn Parks on Mon Apr 29, 2013 at 05:22:41 AM PDT

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      •  The US isn't borrowing dollars (0+ / 0-)

        It is borrowing steel, cars, computers, oil, paper, etc from supplier nations that eventually expect to be repaid in kind with these things.

        (-5.50,-6.67): Left Libertarian
        Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

        by Sparhawk on Mon Apr 29, 2013 at 06:21:17 AM PDT

        [ Parent ]

        •  I'm sorry but your reply makes no sense (0+ / 0-)

          whatsoever.

          "The Earth is my country and Science my religion" Christiaan Huygens

          by Auburn Parks on Mon Apr 29, 2013 at 04:56:41 PM PDT

          [ Parent ]

          •  Exactly (0+ / 0-)

            If you don't understand what I just said then your entire framework is wrong.

            (-5.50,-6.67): Left Libertarian
            Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

            by Sparhawk on Mon Apr 29, 2013 at 05:58:25 PM PDT

            [ Parent ]

            •  No, its just that youre so ignorant about (0+ / 0-)

              economics that its hard to talk to you.  Are you using the term "borrowing" those real goods to imply that we import that stuff?  And if thats the case, imports are real benefits because we get actual goods and services in exchange for some bits of paper or digital entries.  We never have to pay those things back as they have already been paid for.  See, this is why your reply makes no sense, I can't even be sure what misbegotten thoughts are going through your head.  Why use up our supplies of oil or steel in exchange for the pollution associated with makingmining the stuff when all we need to do is understand that the US dollar is a public utility and we should use it to educate and employ our own people.  We shouldn't try to out compete China on the basis of low wages....for example, the Govt should spend at least $100 billion each year to employ as many researchers and scientists as possible developing new technology and processes.  We should spend at least  3% of GDP every year upgrading our infrastructure rail, internet, more efficient power lines, bigger and better ports and on and on and on.  This way our private sector has the best infrastructure (both physical and intellectual) on Earth with which to out compete the rest of the world.  Its only a matter of putting our common currency monopoly to its best use.

              "The Earth is my country and Science my religion" Christiaan Huygens

              by Auburn Parks on Mon Apr 29, 2013 at 06:15:33 PM PDT

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      •  He's been at it for years with this drivel (0+ / 0-)

        And now his own are turning against his logic. Even the neoliberals are saying it's mad:

        Here's a former IMF honcho who says austerity was never designed to work--it was only their to protect the backsides of certain well-heeled financiers.

        http://www.exotix.co.uk/...

        And here's PIMCO's El-Erian who says the same thing: http://finance.fortune.cnn.com/...

        There are two kinds of people in this world. The kind who divide the world into two kinds of people, and the kind who don't.

        by upstate NY on Mon Apr 29, 2013 at 06:39:12 AM PDT

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        •  You cannot spend more than you make... (0+ / 0-)

          ...forever.

          Eventually it will end, one way or another.

          (-5.50,-6.67): Left Libertarian
          Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

          by Sparhawk on Mon Apr 29, 2013 at 08:57:12 AM PDT

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          •  The Govt is not like a household, so your (0+ / 0-)

            conceptual framework is completely wrong.  The money supply needs to grow along with the economy otherwise deflation will be the result.

            "The Earth is my country and Science my religion" Christiaan Huygens

            by Auburn Parks on Mon Apr 29, 2013 at 04:58:02 PM PDT

            [ Parent ]

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