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To: TheBattman

“So - which makes a bigger impact - The Chinese, or Moody’s?”

The bond Vigilantes. They’ll buy our bonds but only at a higher interest rate.

” This may sound naive - but who out there is willing to write a check to the USA for $2 Trillion?”

That’s not naive at all. Some very sharp analysts have already been warning that the amount of money that the US will need to borrow is going to exceed the world’s available savings.


30 posted on 08/02/2011 11:47:12 PM PDT by Pelham (Obama, the vanguard of the proletariat since 2008)
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To: Pelham

The Fed will write the checks via QE3 or some shadow purchasing scheme and even higher inflation will follow.

I think Demint is too optimistic, we may not even have 10 yrs. left.


55 posted on 08/03/2011 8:51:43 AM PDT by sarge83
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