$5 Trillion in non-performing loans? Non-plunge protectable?
3 replies to this topic
Posted 03 February 2016 - 09:14 PM
If you don't like scary stories involving trillions of dollars in bad loans, then don't read
Not sure the Fed has enough electronic digits to cancel the effects of $5 trillion going !poof!. And what if it's more than $5 trillion? When it comes to the Chinese government, I always assume things are much worse than what meets the eye.
Posted 17 February 2016 - 07:53 PM
Not worried about U.S. Government debt denominated in dollars. Every penny of that will be paid. However nonperforming loans to Chinese businesses are an entirely different story.
Posted 10 March 2016 - 12:27 AM
I had my doubts, but wrs informs me that there are these things called "greenbacks". Instead of borrowing money, the Federal Government issues treasury notes which are legal tender but are debt free. In fact, I am surprised that the Government hasn't avoided the $19T by simply issuing these treasury notes as needed. Why it makes one suspicious that big banks run our whole government.
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