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Author Topic:   The Debt Clock
frako
Member (Idle past 296 days)
Posts: 2932
From: slovenija
Joined: 09-04-2010


Message 21 of 114 (706098)
09-06-2013 3:09 AM
Reply to: Message 1 by Straggler
07-08-2013 7:23 PM


What are we to make of this? The strong implication seems to be debt always = bad. But if you look at the countries with the lowest debt they also seem to be those with the least developed industrial and economic infrastructure.
Technically US debt dosent matter that much as long as the world energy production is mainly fossil fuel based, and oil is sold only in dollars. You can always print yourself out of your liquidity problems and not worry about a high inflation because your money gets spread around the world. Because people and countries have to "buy" your dollar so they can buy oil. Combined with the fact that you can spend your dollars almost anywhere while we haveto buy dollars first when we buy stuff from you. You can print mony and drop it out of helicopters in your cities and inflation would never become hyperinflation.
The real problem is if anything mentioned above would change. Your population would soon be able to build money houses cheaper then building them with building materials.

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This message is a reply to:
 Message 1 by Straggler, posted 07-08-2013 7:23 PM Straggler has not replied

Replies to this message:
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