The bored at home / COVID19 / Working from home thread

[bentin]

That's populist nonsense. China holds 5% of US debt. And it isn't my opinion that our economy is over capitalized, it's just the reality.

Snicker. Their currency is pegged to ours. Just think through the process of changing that for a second. I'll wait.

 

[jimlloyd40]

That's populist nonsense. China holds 5% of US debt. And it isn't my opinion that our economy is over capitalized, it's just the reality.

Provide proof that China has only bought 5% of our debt.

 

[jimlloyd40]

It's a sign that the economy has a massive surplus of capital from 4 decades of subsidies and bailouts of large bailouts of corporate America and no productive place to put it.

You can't provide proof for anything you say.

 

[bentin]

You can't provide proof for anything you say.

This is the internet. Why would facts enter into his argument?

 

[Gptuners]

Provide proof that China has only bought 5% of our debt.

I'll play. See below.

You can't provide proof for anything you say.

This is the internet. Why would facts enter into his argument?

There you are, Sirs.

Take from here:
https://www.thebalance.com/who-owns-the-u-s-national-debt-3306124

 

[Gptuners]

My interpretation of that data is that a significant portion of our debt is held by foreign countries, but not the overwhelming amount you might think. It looks like he actually over shot it when he said 5%.

 

[GTIfan99]

You can't provide proof for anything you say.

Sure I can.

https://www.stlouisfed.org/on-the-e...elocity-tell-us-about-low-inflation-in-the-us

 

[jimlloyd40]

I'll play. See below.




There you are, Sirs.

Take from here:
https://www.thebalance.com/who-owns-the-u-s-national-debt-3306124

Nice but you're not the one who said those things.

 

[Gptuners]

Nice but you're not the one who said those things.

I can't argue with that!

 

[jimlloyd40]

Sure I can.

https://www.stlouisfed.org/on-the-e...elocity-tell-us-about-low-inflation-in-the-us

And that relates to which statement of yours?

 

[GTIfan99]

And that relates to which statement of yours?

If you have to ask, then you don't know enough to intelligently discuss economics.

Someone else already posted confirmation of China debt holdings, though a 3 second search would have done it to. You made a wild claim about China's US debt holding without even spending 3 seconds to do a search. That's why I called it populist nonsense. You've heard politician's and Fox pundits say it over and over, and your never bothered to see if it was true. That's what's killing this country.

 

[jimlloyd40]

If you have to ask, then you don't know enough to have an opinion.

Oh okay. I've just lost track of the ridiculous things you say. It's not like I'm keeping track of them.

 

[EricsVdub]

My interpretation of that data is that a significant portion of our debt is held by foreign countries, but not the overwhelming amount you might think. It looks like he actually over shot it when he said 5%.

"Foreign holdings of U.S. debt have ballooned in the past decade." Quote taken directly from your first attachment. To borrow a common phrase from the pandemic, not exactly "flattening the curve".

 

[jimlloyd40]

If you have to ask, then you don't know enough to intelligently discuss economics.

Someone else already posted confirmation of China debt holdings, though a 3 second search would have done it to. You made a wild claim about China's US debt holding without even spending 3 seconds to do a search. That's why I called it populist nonsense. You've heard politician's and Fox pundits say it over and over, and your never bothered to see if it was true. That's what's killing this country.

It was only a matter of time until you insult my intelligence or lack of. I want Trump to get reelected if for no other reason than for you to suffer four more years of misery.

 

[ToddMS]

… most raises do not keep up with inflation.

People actually get raises? I haven't seen one of those in years.