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In Reply to: RE: Article on the potential of a major weakening of the dollar posted by JURB on June 9, 2021 at 11:02:54:
Once again the evidence points to you being incorrect and overly simplistic on this, jurb. What matters most, IMO and other's is the cost of the debt service in relation to GDP. About 1.6% of GDP in 2000 and .5% in 2020. The sky is not falling at this time, based on debt anyhow. As it stands now the debt does not have to be paid off, just the interest on it. This is way in manageable territory. Once again, our debt service is less than 1/3 of what it cost in 2020 in relation to GDP.
So let us stop talkin' falsely now, the hour's getting late --
Robert Allen Zimmerman
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Follow Ups
- RE: Article on the potential of a major weakening of the dollar - tweaker456 11:54:33 06/09/21 (10)
- I beg to differ.... - Rod M 12:55:10 06/09/21 (9)
- RE: I beg to differ.... - tweaker456 16:45:04 06/09/21 (0)
- RE: I beg to differ.... - tweaker456 13:52:45 06/09/21 (1)
- Please Google 'GDP Price Deflator' - Jay Buridan 23:14:16 06/09/21 (0)
- Huh? Are you assuming we keep borrowing huge sums when interest rates go up? - Rick W 13:27:02 06/09/21 (5)
- RE: Huh? Are you assuming we keep borrowing huge sums when interest rates go up? - Rod M 19:34:00 06/09/21 (4)
- RE: Huh? Are you assuming we keep borrowing huge sums when interest rates go up? - tweaker456 19:54:38 06/09/21 (3)
- RE: Huh? Are you assuming we keep borrowing huge sums when interest rates go up? - Rod M 20:26:07 06/09/21 (2)
- RE: Huh? Are you assuming we keep borrowing huge sums when interest rates go up? - tweaker456 20:52:13 06/09/21 (1)
- The debt is the least of my worries about the U.S. nt - Rick W 22:26:25 06/09/21 (0)