USA economy ( Archived) (25)

Jun 19, 2012 7:38 PM CST USA economy
olaix
olaixolaixValhalla, Nordland Norway52 Threads 6 Polls 1,119 Posts
About 70% of USA's foreign assets are held in foreign currency, while their debt is held in dollar, which is the world reserve currency.

Anyone see the joke in this?
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Jun 19, 2012 8:01 PM CST USA economy
bohemianjack
bohemianjackbohemianjackEast Central, Minnesota USA6 Threads 2 Polls 2,699 Posts
No Yahoo mews link?.. popcorn

wine


“Civility is a thin veneer; scratch it at your peril, for dark things dwell below.” ~Bruce L. Gary. QUOTES FOR MISANTHROPES: Mocking Homo Hypocritus
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Jun 19, 2012 8:30 PM CST USA economy
olaix
olaixolaixValhalla, Nordland Norway52 Threads 6 Polls 1,119 Posts
bohemianjack: No Yahoo mews link?..

“Civility is a thin veneer; scratch it at your peril, for dark things dwell below.” ~Bruce L. Gary. QUOTES FOR MISANTHROPES: Mocking Homo Hypocritus


Nope, sorry. I'm helping a university graduate in her final course in economics wink it is from those papers
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Jun 19, 2012 8:36 PM CST USA economy
olaix
olaixolaixValhalla, Nordland Norway52 Threads 6 Polls 1,119 Posts
Norway owns about 1.5% of all world stocks, or we used to do (not updated the info the last 18 months on it), and we hold it in dollar.

Is USA stealing from the world, or does it just look like it

uh oh

Have no idea
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Jun 19, 2012 8:41 PM CST USA economy
galrads
galradsgalradsDublin, Ohio USA2,264 Threads 279 Polls 36,283 Posts
olaix: Norway owns about 1.5% of all world stocks, or we used to do (not updated the info the last 18 months on it), and we hold it in dollar.

Is USA stealing from the world, or does it just look like it



Have no idea

If any entity is stealing yoe monie, it has to be the private banking system, which has to include the private bank here called the "federal reserve.". Jest my opinion.
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Jun 19, 2012 8:50 PM CST USA economy
olaix
olaixolaixValhalla, Nordland Norway52 Threads 6 Polls 1,119 Posts
galrads: If any entity is stealing yoe monie, it has to be the private banking system, which has to include the private bank here called the "federal reserve.". Jest my opinion.


I think it is not only the banks, but private companies as well as the government. In this case, I was talking about the government.

Who acts on the behalf of the people? despite everything, borrowing 40 cent on a dollar just to make the wheel turn in your every day life, which is about 10 billion each day? - welfare, war, all sorts of useless organizations like FEMA etc etc - not sure it is only the banks. Although, they are obviously a notch above all others in looting the world, and aren't that confined within national borders as anyone else.
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Jun 19, 2012 8:58 PM CST USA economy
olaix
olaixolaixValhalla, Nordland Norway52 Threads 6 Polls 1,119 Posts
Maybe it is a comfort that the politicians got immunity from prosecution, as well as the fact that bankers and corporate leaders can move to better lands when the country for real starts to drown in debt, as well as bad ...emotions from the rest of the world.

If you want to take care of yourself you need ... who is the republican candidate no one care to listen about?

bouquet
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Jun 19, 2012 8:59 PM CST USA economy
RayfromUSA
RayfromUSARayfromUSAvienne, Rhone-Alpes France86 Threads 29 Polls 6,611 Posts
In response to: About 70% of USA's foreign assets are held in foreign currency.


Maybe that's why they're called "foreign assets".
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Jun 19, 2012 9:01 PM CST USA economy
olaix
olaixolaixValhalla, Nordland Norway52 Threads 6 Polls 1,119 Posts
RayfromUSA: Maybe that's why they're called "foreign assets".


Yep, but the debt is also foreign and held in dollars wink see the point?
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Jun 19, 2012 9:07 PM CST USA economy
olaix
olaixolaixValhalla, Nordland Norway52 Threads 6 Polls 1,119 Posts
I can give you a hint

Asset receive appreciation

Dollar receive inflation

Debt loses value - asset gains value
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Jun 19, 2012 9:13 PM CST USA economy
olaix
olaixolaixValhalla, Nordland Norway52 Threads 6 Polls 1,119 Posts
Need more assets. Gief. Hello Iraq. Hello Iran.

innocent
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Jun 19, 2012 9:18 PM CST USA economy
bohemianjack
bohemianjackbohemianjackEast Central, Minnesota USA6 Threads 2 Polls 2,699 Posts
olaix: Maybe it is a comfort that the politicians got immunity from prosecution, as well as the fact that bankers and corporate leaders can move to better lands when the country for real starts to drown in debt, as well as bad ...emotions from the rest of the world.

If you want to take care of yourself you need ... who is the republican candidate no one care to listen about?


wine

"Truth is treason in the empire of lies." - Ron Paul
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Jun 19, 2012 9:24 PM CST USA economy
bohemianjack
bohemianjackbohemianjackEast Central, Minnesota USA6 Threads 2 Polls 2,699 Posts
wine


"In a free society, we are supposed to know the truth," he wrote. "In a society where truth becomes treason, we are in big trouble." ~Ron Paul. What we need is more WikiLeaks
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Jun 19, 2012 9:28 PM CST USA economy
galrads
galradsgalradsDublin, Ohio USA2,264 Threads 279 Polls 36,283 Posts
olaix: Need more assets. Gief. Hello Iraq. Hello Iran.


Next year the U.S.A. "celebrates" it's 100TH year of law saying we be paying federal income taxes. yay

We wouldn't have to pay theese taxes if our private banking system didn't charge us interest for printing our money because our federal government could do so w/o charging us interest.... like we did before 1913.

Heck, our constitution says something like paper money is a no no. So you see, we've been taking it in the keister by the bankers for near 100 years now and few of our current leaders care to make things right again.
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Jun 19, 2012 9:43 PM CST USA economy
olaix
olaixolaixValhalla, Nordland Norway52 Threads 6 Polls 1,119 Posts
bohemianjack: "In a free society, we are supposed to know the truth," he wrote. "In a society where truth becomes treason, we are in big trouble." ~Ron Paul. What we need is more WikiLeaks


You, Paul and I should smoke a peace pipe together grin
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Jun 19, 2012 10:04 PM CST USA economy
olaix: Maybe it is a comfort that the politicians got immunity from prosecution, as well as the fact that bankers and corporate leaders can move to better lands when the country for real starts to drown in debt, as well as bad ...emotions from the rest of the world.

If you want to take care of yourself you need ... who is the republican candidate no one care to listen about?


the one who won't let a drunken Norwegain tell us how to run arguably the world's largest and most comlicated economyrolling on the floor laughing teddybear


shoulda know this had something to do with a college studentlaugh
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Jun 19, 2012 10:08 PM CST USA economy
bohemianjack: "Truth is treason in the empire of lies." - Ron Paul


is this like saying peace keeping mission instead of war???dunno
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Jun 19, 2012 10:09 PM CST USA economy
RayfromUSA
RayfromUSARayfromUSAvienne, Rhone-Alpes France86 Threads 29 Polls 6,611 Posts
The world economy is a house of cards waiting to collapse.
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Jun 19, 2012 10:26 PM CST USA economy
olaix
olaixolaixValhalla, Nordland Norway52 Threads 6 Polls 1,119 Posts
felixis99: the one who won't let a drunken Norwegain tell us how to run arguably the world's largest and most comlicated economy shoulda know this had something to do with a college student


:o college student? where is it?
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Jun 19, 2012 10:45 PM CST USA economy
RayfromUSA
RayfromUSARayfromUSAvienne, Rhone-Alpes France86 Threads 29 Polls 6,611 Posts
olaix: Yep, but the debt is also foreign and held in dollars see the point?


For one thing "debt" is not held.
Treasury bonds are held.

That they are denominated in dollars is normal because we are talking about US debt to foreign countries, not foreign countries' debt to the US.

The US can't print up bonds in other currencies.
Not legally anyway.

They can only legally counterfeit US dollars.
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