Jump to content


Photo
* * * * * 1 votes

$5 Trillion in non-performing loans? Non-plunge protectable?


  • Please log in to reply
3 replies to this topic

#1 Slipnslide

Slipnslide

    Grizzly Bear

  • Members
  • PipPipPip
  • 1,420 posts

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

http://www.nytimes.c...v=top-news&_r=0

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.

#2 detachedbear

detachedbear

    Grizzly Bear

  • Members
  • PipPipPip
  • 1,334 posts

Posted 17 February 2016 - 05:13 PM

OUR debt is $19T.  Why worry about China?

 

http://zfacts.com/p/789.html



#3 Slipnslide

Slipnslide

    Grizzly Bear

  • Members
  • PipPipPip
  • 1,420 posts

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.

#4 detachedbear

detachedbear

    Grizzly Bear

  • Members
  • PipPipPip
  • 1,334 posts

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.






0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users





Stock market portfolio giving you the runs? See Dr. Stool.
The Daily Stool - Stock Market Message Board
Stool's Gold- Gold and Precious Metals Forum
Look Out Below Message Board

The Al E. Greenspeuman designer line at Stoolmart. Get yours today! Click here now!
Get Mugged!