[ExI] Warren Buffett is worried too and thinks Republicans are "asinine"
painlord2k at libero.it
Wed Oct 23 19:14:01 UTC 2013
Il 16/10/2013 19:40, spike ha scritto:
> How much time? The current debate is nowhere near reducing debt, not
> really even in holding debt increase to zero, for even that is a far off
> goal by everyone’s estimation. If we say we want to reduce the rate at
> which debt increases over time, how much time? If the debt goes too
> high, then as soon as interest rates go up, we will not even be able to
> service the interest on what has already been borrowed. And this is the
> outfit which is clamoring to borrow more and faster?
The debt is already too high and can not be repaid.
With the fiat money system there never is enough currency to pay back
If they seriously try to pay back the debt they would destroy all base
money without extinguishing the debt completely.
2,551.8 billions of Money stock (M1) 2013/10/07
3,813.6 billions Fed Res total Assets
16,669 federal debt
Do you see any problem in the numbers cited?
I do not see a problem, I see an outcome.
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