yup, exponential curve. looks about right. fits the math of current money lending protocols. inevitable.
22/10/2013, 08:07
that's the whole point. it is mathematically impossible to repay the debt, since the debt is made of money that only came into existence when it was given as a loan. if there was 0 interest then the debt could be repaid with the money loaned. since there is interest on the loan, money has to be borrowed to pay the interest, which is the beginning of the exponential feedback curve.
That is a debt no one demands return of. If USA would default - all lenders would suffer much stronger, than it.
It's like nuclear parity between USA and (ex)USSR. No one would launch missles, because both would loose very dramatically.
China has 2 trillion of USA debt. But they can't "sell" it or even can't stop loaning. Because they need weak Yuan. So their central bank buys a lot of dollars for yuans. The same concerns for Japan.
It's like nuclear parity between USA and (ex)USSR. No one would launch missles, because both would loose very dramatically.
China has 2 trillion of USA debt. But they can't "sell" it or even can't stop loaning. Because they need weak Yuan. So their central bank buys a lot of dollars for yuans. The same concerns for Japan.
it is true the lending can't stop, becuase the whole thing would collapse, but i think you misunderstand who the debt is owed to. it is not owed to any particular country (no mater who 'holds' it). the money was created by private banks, and ultimately the debt and the interest on the debt is owed to a group of about 6 people.
are you wise enough to research that 'conspiracy theory'?
only one of those countries has a government owned bank. all the rest get their money from one of the international banking cartels. the "fedeeral government" has no money creating powers, and it will trace its own debt back to the banks.
it is not a 'consipracy theory' it is a description of how the money lending system operates.
only one of those countries has a government owned bank. all the rest get their money from one of the international banking cartels. the "fedeeral government" has no money creating powers, and it will trace its own debt back to the banks.
it is not a 'consipracy theory' it is a description of how the money lending system operates.
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