Gloom, Doom, or Boom? Finance and Economics

[Alph]

[Captain Murphy]

Giving people the money they need to fulfill their potential is just one of many things that qualifies as charity. In that respect, microfinance organizations, particularly ones that raise capital from donors in Western countries, are a fantastic idea. Their popularity, success, and years of continuing service are enough to validate this.

[AzariLoveIran]

[Captain Murphy]

[AzariLoveIran]

[Captain Murphy]

[AzariLoveIran]

[rednblacklumberjack]

Looking out over the next 10-30 years, what do good recipients of debt look like?

[AzariLoveIran]

[Captain Murphy]

I've been told that one of the implications of modern monetary theory is that the optimum level of deficit is not necessarily zero. There will always be good borrowers or finance would not need to exist.

[AzariLoveIran]

[Alph]

[Captain Murphy]

[AzariLoveIran]

[AzariLoveIran]

[Demon of Undoing]

See , this is what has bothered me all along when speaking of the American " solution" to the currency situation. Every time I mention that you can only abuse your investors so much , I have constantly received some sort of response that varies on the " where else they gonna go/they ain't leavin' yet" theme . This is the language of abusive husbands , not trading partners . Everybody holding a dollar is an investor , and while they may not be able to do much about your rates in the short term , eventually, people will find a away to not rely upon you . So you get things like the yuan/ruble exchange , and a dozen other items that buttress the same point .

Maybe Americans will bend over for anybody that puts on a rubber glove , but the rest of the world may not be so inclined . I think the math wizards have underestimated the human element again.

[noddy]

[Azrael]

[Demon of Undoing]

...which is exactly the point. It's not like people are having to make an argument against the dollar. It's just starting to become an obvious move . Eventually, we reach a tipping point , and it's not looking far off . That will blow the American version of debt management right out the window .

[Azrael]

[Demon of Undoing]

[Demon of Undoing]

Expecting the people to bail out the banks kind of makes sense in one way . If it is supposed that the banks and all their batshit lending practices are the real horsepower behind consumerist stupor and the love we have for all that, then it follows that the people should pay for the batshittery when it goes wrong .

Just trying to make sense of all this.

[Azrael]

[Demon of Undoing]

[AzariLoveIran]