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Old 01-14-2020, 10:14 AM   #21
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Originally Posted by Masquernom View Post
It's not so much the debt you see today, it's the interest we pay on the debt today that impacts us. The interest payments are the fastest growing category of the US budget. .
So who receives these interest payments? To whom does the money go? Is this like the interest I'm paid on my HY bonds every month?
Is there some entity out there making a killing on $X Trillion?
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Old 01-14-2020, 10:18 AM   #22
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Originally Posted by donheff View Post
According to modern monetary theory it all works out - until it doesn't.


Same with supply side economics. We have lots of voodoo schools of economics to choose from.
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Old 01-14-2020, 11:05 PM   #23
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Old 01-14-2020, 11:13 PM   #24
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Interest as a percent of GDP is at normal levels and actually low compared to the 80s and 90s.
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Old 01-15-2020, 07:36 AM   #25
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Funny, though, for all the naysayers, we still seem to be doing it. We ‘re just calling it something else.
That’s because this time it’s different.
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Old 01-15-2020, 01:26 PM   #26
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Originally Posted by Bigdawg View Post
Was thinking the same thing. Who does the world (earth) owe this money to?
Mostly the bond holders and the banks who lend money. Remember Puerto Rico!
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Old 01-15-2020, 01:29 PM   #27
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Originally Posted by donheff View Post
According to modern monetary theory it all works out - until it doesn't.
Quote:
Originally Posted by HFWR View Post
Funny, though, for all the naysayers, we still seem to be doing it. We ‘re just calling it something else.
I cannot help it, so all I can do is to enjoy it while it lasts.
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Old 01-15-2020, 01:57 PM   #28
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Mostly the bond holders and the banks who lend money.
So someone has a vested interest in keeping those payments coming.
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Old 01-15-2020, 04:55 PM   #29
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Mostly the bond holders and the banks who lend money. Remember Puerto Rico!
But, Puerto Rico doesn't have a Federal Reserve.
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