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Quote from: Robert Paulson on September 26, 2014, 05:55:30 PM

Quote from: NotLambchop on September 26, 2014, 05:44:17 PM

@Robert Paulson: Again, you don't understand how international commerce works. US is not "borrowing" USD from anyone, much less yourself Cheesy

You don't think the rest of the world is trading with US and not sending collectors after us because we're loved, do you?
Srsly, go back to school or study for a GED Angry

i understand how international commerce works perfectly fine.
the US is borrowing USD with every bond it sells.
the data is clear, the US is running a huge trade deficit on top of its already huge debt to the rest of the world.
if the world stops loaning, the US has to start printing 40 billion every month and hope that the rest of the world is stupid enough to continue accepting it as payment.

Robert Robert Robert...

You keep forgetting that we owe nothing but worthless dollars, dollars dat are "already dead," as you so poignantly pointed out.
Dollars you'll certainly agree we just print by the boatload.
Not much of a debt, amirite?

*And no, you don't understand economics. Let me explain it to you in terms you'll understand:
1. You have lent Anon 1 BTC.
2. Annon now owes you 1 BTC.
3. Anon, as is customary in Bitcoinland, tells you he ain't got it.

Who's got whose balls? Cheesy

only in this case if Anon can't borrow anymore he can't pay for any imports anymore and goes hungry.

So...
Of all the idiots running all of the governments of the world, no one has caught on to just how scammy teh US dollar is? Only you?
'Cause US has no shortage of trade partners, so "Anon ~~can't~~ is borrow[ing]."
Our dollar is doing surprisingly well this year Cool

...especially rel. BTC :p

they all caught on to it, that's why they are all working on getting rid of the USD in international trade before dumping it on the market.
https://en.wikipedia.org/wiki/New_Development_Bank

http://www.bbc.com/news/business-23020718

If other countries are on to our scam $, why are they still trading with us? You wouldn't keep lending Anon money after learning he will not (and can not) pay, would you?
Nvrmnd, you probably would Cheesy

why did people buy .com companies with no income for billions of dollars in 1999?
how could all the experts miss the obvious observation that a website that has no income and no viable business plan is not worth anything?
why did some of the worlds biggest banks give sub-prime mortgages to deadbeats in 2007?

countries are not immune of making mistakes, the fact that they are making them doesn't change the facts.
its mathematically impossible for America to ever repay its debt which means that sooner or later it will either default or inflate it away.
considering America is completely dependent on its ability to loan money and obviously no one will loan to someone who has just defaulted on his debt,
there is no other conclusion except that the endgame for the American economy is near.
exactly when this happens depends on China, the second America upsets them those loans are gone, along with the American economy.

Are you comparing bitcoin bubble to 99 tech bubble? Grin