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I'd recommend Peter Schiff or Max Kaiser for an interesting look into the Fed's QE policy minus Mainstream Media hype/ The problem with the FED, and every Keyn

I'd recommend Peter Schiff or Max Kaiser for an interesting look into the Fed's QE policy minus Mainstream Media hype/ The problem with the FED, and every Keynesian economist is that they think the US will indefinitely be the world currency reserve, and that 5,000 years of gold based monetary policy is less stable than the post war economics that have given us rising inequality, lowering employment, indefinite QE, China calling for a de-Americanized world, and an interest rate ceiling of 1% (look it up, Bernanke said it!) that was the bottom rate of Greenspan. I just love when current economists tell me I'm naive, and that government debt isn't the same a debt debt... Or that there isn't a borrowing limit. The limit, is when other governments stop buying your currency. See China-Australia trading deal, China's ease on buying bonds, and look up an interesting theory on how Japan will soon stop buying US bonds, due to it's self-inflicted inflationary policy, which will force it do invest in it's own money supply soon.

mistermann 13y ago
Recent history would seem to indicate the US can somehow simply buy their own debt. It seems impossible to me but its been working so far.
- tokenizer 13y ago
  You're right, however things can take a long time to run out of steam. Also, it's very interesting how much of economics relies on everyone believing in the system. I'd recommend checking this video out: http://www.youtube.com/watch?v=BH9YPtk5VB4 http://www.youtube.com/watch?v=BH9YPtk5VB4. This is what many people think. While some can definitely brush it off, many aren't.
- jayfuerstenberg 13y ago
  Well the US is exporting its debt (counterintuitive as that sounds) overseas by buying goods made abroad. If I recall correctly 40% of US currency is actually outside the country.
seoguru 13y ago
Peter Schiff has been calling for hyper inflation and dollar collapse any day now for at least the last 5 years. Check out this article on mobilization and money: http://neweconomicperspectives.org/2013/08/mobilization-and-money.html http://neweconomicperspectives.org/2013/08/mobilization-and-... no other governments buying our bonds were needed. Nor are they needed now. As for replacing the US dollar with something else as world currency reserve, Mike Norman gives his views: http://www.youtube.com/watch?v=m5fTV4bGO0w http://www.youtube.com/watch?v=m5fTV4bGO0w

mistermann 13y ago

Recent history would seem to indicate the US can somehow simply buy their own debt. It seems impossible to me but its been working so far.

tokenizer 13y ago
You're right, however things can take a long time to run out of steam. Also, it's very interesting how much of economics relies on everyone believing in the system. I'd recommend checking this video out: http://www.youtube.com/watch?v=BH9YPtk5VB4 http://www.youtube.com/watch?v=BH9YPtk5VB4. This is what many people think. While some can definitely brush it off, many aren't.
jayfuerstenberg 13y ago
Well the US is exporting its debt (counterintuitive as that sounds) overseas by buying goods made abroad. If I recall correctly 40% of US currency is actually outside the country.

seoguru 13y ago

Peter Schiff has been calling for hyper inflation and dollar collapse any day now for at least the last 5 years. Check out this article on mobilization and money: http://neweconomicperspectives.org/2013/08/mobilization-and-money.html http://neweconomicperspectives.org/2013/08/mobilization-and-... no other governments buying our bonds were needed. Nor are they needed now. As for replacing the US dollar with something else as world currency reserve, Mike Norman gives his views: http://www.youtube.com/watch?v=m5fTV4bGO0w http://www.youtube.com/watch?v=m5fTV4bGO0w