DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Impending Undeclared Default Of 5 Major US Banks

**Impariclainna** · 02-01-2012, 12:15 AM

First there has to be a dictator who can raise the standard .gov pay increases.

Where's the demand to soak up anything from the printing presses?

The demand is baked into the Reserve Currency cake. "The USD isn't great but at least it's not ...".
Also, what about all the folks out of work...the 48% if remember correctly. They'll take whatever paper "asset" they can get...until goods and services no longer accept that paper.

02-01-2012, 12:15 AM	#24
Impariclainna Join Date Oct 2005 Posts 469 Senior Member	First there has to be a dictator who can raise the standard .gov pay increases. Where's the demand to soak up anything from the printing presses? The demand is baked into the Reserve Currency cake. "The USD isn't great but at least it's not ...". Also, what about all the folks out of work...the 48% if remember correctly. They'll take whatever paper "asset" they can get...until goods and services no longer accept that paper.
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