USA government debt ceiling

Cari Machet carimachet at gmail.com
Wed Oct 14 07:41:19 PDT 2015


China is pulling away from buying the debt of the US and hence pulling away
from the dollar as its backed exchange rate ... meaning when a country
holds in its banks enough US currency so that it can exchange the currency
easily it is backing its money w the US dollar BECAUSE it cant then go to
the US and say ok give me chinese yen ... it just has to hold the dollar in
its system and therefor ownes the debt
Presently the chinese see the futility of the system and are shifting i
cant remember into what exactly ... will dig that up when i get a minute
but they dont want to be basing econ on debt papers anymore

The ever fucker nixon ... with dick cheney in his cabinet took the dollar
off the gold standard and kind of fucked the world ... didnt warn anyone or
nothin just did it

In india the government just ask the people to loan their banks personal
items of gold ... people buy it here as a personal investment like real
estate such a contrary notion than the US
On Oct 14, 2015 3:30 PM, "Georgi Guninski" <guninski at guninski.com> wrote:

> On Sun, Oct 11, 2015 at 01:31:26PM +0200, Lodewijk andré de la porte wrote:
> > >
> http://english.pravda.ru/business/finance/08-10-2015/132278-us_treasury_swap-0/
> > > >
> > > > "There are $630 trillion in outstanding derivatives globally
> according
> > > > to the Bank of International Settlements (BIS) in Switzerland. That
> > > > is, about $630 trillion in bets placed on about $100 trillion in
> > > > stocks and bonds."
> > > >
> > >
> > > Interesting (but doesn't seem citable reference to me).
> > >
> > > How the financial market is still working?
> > >
> > > And how such bets survived so far?
> >
> >
> > Counting derivatives as debt is definitely 100% misguided. They're also
>
> Maybe "Counting derivatives as debt" is indeed not correct.
>
> But gambling with something you don't have is serious potential debt
> problem.
>
> Especially, as you note, if the shit is amplified (which is likely in a
> ponzi scheme like this).
>
> Somewhat related (I don't claim it is the same):
>
> https://en.wikipedia.org/w/index.php?title=Barings_Bank&oldid=684442660
> ---
> The bank collapsed in 1995 after suffering losses of £827 million ($1.3
> billion) resulting from poor speculative investments, primarily in
> futures contracts, conducted by an employee named Nick Leeson working at
> its office in Singapore.
> ---
>
>
>
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