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<blockquote data-quote="Mike_60" data-source="post: 2015716" data-attributes="member: 16957"><p>Actually, they already have stopped buying our bonds at anywhere near the levels they were in the past. The FED has started buying the bonds directly from the Treasury to the tune of nearly a half trillion a year. BTW, this process is called 'monetizing the debt' and it has become necessary the last three to four years at increasing levels since foreigners are refusing the opportunity to lend us money. It has, and will continue to do so, increase the cost of imported goods and services. The only thing keeping the imports from sky rocketing in price is China holds its currency artificially low to keep it favorable against the dollar. But that has started to backfire on the Chinese as domestic inflation is causing them problems now. The Euro also has its own collective problems of debt keeping their growth stifled as well. Eventually, if we devalue our currency enough our problems should be pushed off shore and our manufacturing and jobs should increase, at least in theory, and if we don't push the world into a depression in the process. That usually leads to nationalist movements, dictators, and eventually wars.</p></blockquote><p></p>
[QUOTE="Mike_60, post: 2015716, member: 16957"] Actually, they already have stopped buying our bonds at anywhere near the levels they were in the past. The FED has started buying the bonds directly from the Treasury to the tune of nearly a half trillion a year. BTW, this process is called 'monetizing the debt' and it has become necessary the last three to four years at increasing levels since foreigners are refusing the opportunity to lend us money. It has, and will continue to do so, increase the cost of imported goods and services. The only thing keeping the imports from sky rocketing in price is China holds its currency artificially low to keep it favorable against the dollar. But that has started to backfire on the Chinese as domestic inflation is causing them problems now. The Euro also has its own collective problems of debt keeping their growth stifled as well. Eventually, if we devalue our currency enough our problems should be pushed off shore and our manufacturing and jobs should increase, at least in theory, and if we don't push the world into a depression in the process. That usually leads to nationalist movements, dictators, and eventually wars. [/QUOTE]
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