Posted on 05/04/2020 2:14:24 PM PDT by yesthatjallen
As my old aunt would say “God help us”.
You know those fumes we’ve been running on since the 1950s? Yeah, they’re about to run out.
Borrow from who?
A good old fashioned depression is headed our way. Stock up on ritz crackers so you can make mock apple pie.
I thought my finances were bad...
At least I pay all my bills on time without writing bad
paper.
fortunately the interest rate is zero ... perfect time for Treasury to be borrowing money ... they probably ought to look at the possibility of refinancing the rest of the national debt right now if that’s possible ...
A trillion here, a trillion there, pretty soon, you’re talking real money.
“Borrow from who?”
The Chinese.
One of my hopes for Trump was he would get the debt under control.
That's not gonna happen.
I hope they borrow enough now at near zero interest rate, that they they don’t have to borrow at high rates later on.
That’s right. It will never happen.
Yeah, like that’s going to end well......
You just go back and bury your head back into netflix.
Just who has $3 trillion lying around to loan?
Currently it is The Fed that is buying treasury t-bills. (With printed money...”monetizing the debt”...the printer goes “brrrrrrrrrr”!!)
Remember when Bernanke said the Fed wouldn’t monetize the debt?
https://www.c-span.org/video/?c4546512/user-clip-bernanke-debt-monetization
Donald Trump made a career out of running up enormous debts and then bailing out out them if his investments went south. Anyone who thought he had any interest in controlling our Federal debt wasnt paying attention.
Yeah, that’s what he made his career out of. Oh brother.
Oh calm down! It’ll be fine.
This borrowing is for immediate deficit. For future deficits they'll borrow what they need when they need it at whatever the interest rate is.
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