Any one believe the 152 Trillion debt is too much?
Any one think you or your friend will be stiffed?
Ray Dalio's boomshell to NY Fed!
http://www.zerohedge.com/news/2016-10-0 ... w-york-fed
Golbal debt/stiffed
Moderator: Global Moderator
Re: Golbal debt/stiffed
Sorry it is Global debt!
-
I Shrugged
- Executive Member
- Posts: 2153
- Joined: Tue Dec 18, 2012 6:35 pm
Re: Golbal debt/stiffed
My prediction is that someday they will succeed in inflating away the debt. Therefore yes, we will all be stiffed.
-
MachineGhost
- Executive Member
- Posts: 10054
- Joined: Sat Nov 12, 2011 9:31 am
Re: Golbal debt/stiffed
The amount of global debt is irrelevant, what matters is net worth. What is the global net worth, i.e. global assets - global debt? And beyond that what matters is maximizing economic productivity for paying the interest on the debt (either voluntarily or via taxation). Public debt is never paid off but private debt can be. And inflation helps whittle away the debt burden in real terms.
Dalio has some kooky and unfounded ideas about how operational reality works, so don't pay him too much serious attention.
Dalio has some kooky and unfounded ideas about how operational reality works, so don't pay him too much serious attention.
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
-
boglerdude
- Executive Member
- Posts: 1486
- Joined: Wed Aug 10, 2016 1:40 am
- Contact:
Re: Golbal debt/stiffed
"kooky and unfounded ideas" Explain
-
MachineGhost
- Executive Member
- Posts: 10054
- Joined: Sat Nov 12, 2011 9:31 am
Re: Golbal debt/stiffed
Hmm, he thinks there is some grand supercycle debt bubble or that sovereign debt is a problem per se. Watch his YouTube video on how the economic machine works and you'll see it referenced. Also he thinks the Fed can buy Treasuries directly or something like that.boglerdude wrote:"kooky and unfounded ideas" Explain
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!