mirgro said:
Yes they do. Once the maturity, usually 30 years, is reached you can get your money back whenever. Guess what, 30 years are about to be up from the shitstorm that was the 80s. Another thing to keep in mind, the Public debt is only a bit more than half of the gross debt of the US, and the private debts are nowhere near as well protected as bonds are by the maturity gap. Also I can't help but laugh at your solution. You are basically saying "yeah the US will be fine, when we have to pay off this credit card we'll just charge it on another credit card." I mean, did you seriously suggest that? |
Mmmm, it seems to me in your post that you're implying people have a choice when they want their loans back. That's not how bonds work, as you said, it's at a set time. I don't know how you calculated it, but I'm sure our government is not totally incompetent to have 6 trillion or 3 trillion dollars due on the exact same time.
My solution is to use expansionary policies to prevent liquidation of capitals, prevent deflation, and to expediate the process of renewing consumer confidence. Yes, we have to borrow money and engage in defeceits. We cannot be like Hoover now, in the long run we will be fucking dead, and we will drag the world down with it.
It's sad, it's tough, but I'll rather have the weaker poison of the two.
In addition
Do you deny this graph?
