Quote from: Foxpup on January 05, 2015, 08:03:02 AM

Quote from: btc_n_economics on January 05, 2015, 03:15:41 AM

I see the spreading of a lot of misinformation in the thread referenced above and in these forums - info that is either based on incorrect premises or a misunderstanding about how the financial system works in the United States.

So? We've got people here who believe in perpetual motion machines; that the world is being controlled by Jews, lizards, and/or Jewish lizards; that aliens walk among us; that humans can survive without food; and IPU knows what other nonsense. The Speculation forum in particular attracts many people who don't understand how financials markets work or even basic economics for that matter. These people are immune to basic logic, and I doubt you'll be able to convince them of anything, though you're of course welcome to try.

I didn't even bother reading the thread you're referring to, as the whole premise is ridiculous on its face and really not worth responding to at all.

Quote from: btc_n_economics on January 05, 2015, 03:15:41 AM

I work in the financial investment industry and want to clear things up so that people do not scare you into buying into their own agenda. So what I want to do is debunk some of these misconceptions with facts, not opinions or theories, about how our financial system works in the United States.

If you think that'll help.

Quote from: btc_n_economics on January 05, 2015, 03:15:41 AM

So please, ask me anything or tell me why you think the US is "going bankrupt" or the Federal Reserve "prints money" or fiat is dead or petrodollar or the implosion of the dollar, and I will respond.

I can't speak for the rest of the forum, but I don't think any of those things, except perhaps for the implosion of the dollar. Though I don't think it's going to happen anytime soon, of course, or that it'll be so sudden that nothing can be done about it when it happens.

Quote from: btc_n_economics on January 05, 2015, 03:15:41 AM

To start things out I can start by saying that the United States is not bankrupt or anything close to it. A nation which can print its own currency, tax output and has no foreign-denominated debt can never go bankrupt. The national debt will never be paid down nor does it need to be and this is not a problem. The government could issue only very short government debt and essentially controls the interest it pays on its own debt, if it were to ever become a problem.

This is Economics 101. Tell us something we don't already know.

Where did they said that? Is there a thread. I thought about it one day and found some articles.
edit: sorry the off-topic