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Thread: Harder to buy US Treasuries

  1. #11
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    Re: Harder to buy US Treasuries

    Quote Originally Posted by washunut View Post
    First the 2.3 trillion that the Chinese hold is a lot more than 5-7% of our debt.
    Correction, that $2.3 trillion is China's total reserves. Around $700 billion is US securities. China doesn't hold $2.3 trillion in US securities.

    China's U.S. treasury debt holdings up_English_Xinhua

    For now Foreign governments will continue to buy our debt. The real question is will this continue forever. Maybe the bigger question is what interest rate will they demand.

    If the interest on our debt goes up by 1% that will cost us about 120 billion at today's level of debt.
    Absolutely. The next question is when the tipping point comes. When countries decide that their exposure is too large.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  2. #12
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    Re: Harder to buy US Treasuries

    the new york times reported four saturdays ago that SERVICE on the debt, mere INTEREST ALONE, is to approach ONE TRIL PER YEAR by 2016 or 2017

    i don't know anymore than the rest of us how true is the lady's prophesy, altho we all suspect it's dangerously credible

    but when the times said what the times said, the national discussion changed

    DEFICIT became the issue

    suddenly now as crucial almost as JOBS, another concern completely overlooked by obtuse obama his first year

    everyone's seeing the president now pirrouetting abruptly his priorities to spending, jobs, the deficit, the economy

    "pivot" is the word all the pundits employ

    you're gonna see from now on everything the doofus does is about debt

    moving gitmo guys to illinois is deficit reduction

    the health care bill is the greatest piece of debt control in 10 years

    not if those half T cuts to m and m don't go down as promised, it doesn't

    and everyone knows it

    anyway, obama's gonna suddenly go doctor deficit on everyone

    does he really think anyone will buy it?
    Last edited by The Prof; 12-21-09 at 04:19 PM.

  3. #13
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    Re: Harder to buy US Treasuries

    Quote Originally Posted by The Prof View Post
    the new york times reported four saturdays ago that SERVICE on the debt, mere INTEREST ALONE, is to approach ONE TRIL PER YEAR by 2016 or 2017

    i don't know anymore than the rest of us how true is the lady's prophesy, altho we all suspect it's dangerously credible

    but when the times said what the times said, the national discussion changed

    DEFICIT became the issue

    suddenly now as crucial almost as JOBS, another concern completely overlooked by obtuse obama his first year

    everyone's seeing the president now pirrouetting abruptly his priorities to spending, jobs, the deficit, the economy

    "pivot" is the word all the pundits employ

    you're gonna see from now on everything the doofus does is about debt

    moving gitmo guys to illinois is deficit reduction

    the health care bill is the greatest piece of debt control in 10 years

    not if those half T cuts to m and m don't go down as promised, it doesn't

    and everyone knows it

    anyway, obama's gonna suddenly go doctor deficit on everyone

    does he really think anyone will buy it?
    One of the things Obama Been Lying counts on is that Hitler quote that says: "How fortunate for governments that the people they administer don't think."

    When it comes to today's Liberals and may others as well, truer words were never spoken.

    Going on no one understands what the individual cost of today's debt is for every man woman and child in the Nation and what it will mean if the sale of Treasuries is suddenly ended.

    Printing fiat money will lead to hyperinflation and it will in no time cost $100 for a loaf of bread, if you can find a loaf of bread. Over night the value of a dollar could crash over night and become virtually worthless, and most people are asleep and Obams is counting on the dozing off at on the job to continue.

  4. #14
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    Re: Harder to buy US Treasuries

    Mainstream Media now means anything Coucilman can link to from Drudge.

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