Crisis: Don't we care? - page 50
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And who but the Americans have the capacity to give dumping-type loans to "naïve and unsighted democracies" who, in the pursuit of their momentary "gain" and their desire to hold on to power, are probably even prepared to sell their mothers? They have the machinery, they can print as many quid as they want at the price of paper and ship them anywhere... And then they get their hands on everything that has any value in those "banana republics". That is why they live parasitically. And who likes parasites? At the same time, they will scream the loudest about freedom, democracy, markets, competition, etc.
Question from the audience: if it's so easy to "turn on the machine and print as many quid as you want", then how come the US national debt is approaching 10 trillion (if memory serves me correctly). Why would they borrow, pay interest, then pay back the debt, borrow again, pay even more interest if they could just print?
Question from the audience: If it is so easy to "turn on the machine and print as many quid as you want", then how come the US national debt is approaching 10 trillion (if memory serves me correctly). Why would they borrow, pay interest, and then repay the debt, borrow again, pay even more interest, if they could just print?
But it cannot go on like this forever. The debt is growing from year to year. At some point it will have to be repaid. It may be that the money will be printed and given away, but it will be worth toilet paper.
What's your solution? What do you think will happen?
Vladimir Putin and Fedor Emelianenko at the Russia vs America tournament
Vladimir Putin and Jean-Claude Van Damme cheered for Fedor Emelianenko
But this cannot go on indefinitely. The debt grows year after year. At some point it will have to be repaid. That may well be the case, hyper inflation, they will print and hand it out, but the value of this money will be equal to toilet paper.
Actually my question was addressed to the supporters of the Dollars printing puppet masters theory. Why did America get to the stage of big debts? There is no logic to their theory.
How do you see the solution? What do you think will happen?
In all seriousness, there is one point that is difficult for those born in the USSR to understand simply because the USSR did not have the institution of credit. Debts do not need to be repaid. You have to be able to service your debts. Any bank will be happy if you don't repay the loan you took out as long as you pay the interest on it and you look like a credible customer. A lot of loans have a penalty if you pay back the loan too fast.
America is a respected country, everyone is willing to lend to them. Everyone is so confident that America can service its debts that they are willing to lend them money at a ridiculous interest rate. "Everybody" includes Russia, which is pouring money into American securities. That's the real money printing press - borrowing at low interest rates, and then investing that money at higher rates (it could be industry or a loan to Belarus).
That's why there will be no "print it and give it away" option, because it would mean a loss of respect in the business world, and respect is much more valuable than money. It is also a difficult thesis to grasp, but nevertheless respect is profitable, much more profitable than deceit.
What will happen? Nothing much will happen. No apocalyptic scenarios. America will come out of the recession, as it has more than once. Inflation will come, but it will not only affect the dollar, but all currencies at the same time, i.e. money itself will become cheaper. It is a continuous process, maybe now there will be a slight bump in the road.
Vladimir Putin and Jean-Claude Van Damme cheered for Fedor Emelianenko
The craftsmanship of photography or another little deception.
Emelianenko is 182 cm tall, Van Damme is 175, Putin is 170. But how bogatyr looks in the photo is Tzakes.
Actually, it is said that big oil deposits are a curse for a country and its people. Just look at the list of oil-producing countries to see that. The petrodollars, for some reason, almost always go in the wrong direction. There are exceptions, but they are few.
Yeah, few, but what a few. UAE, for example, being born there is like being "born with a golden spoon up your ass. There is an example to aspire to. With the right approach on the part of the state, resources are a blessing after all. But we are a long way from that... But there are very simple solutions.
There is a saying - "Fools bear no grudge", it seems to me this is the case.
If someone finds it easier to believe that everyone else is a fool, so be it.
Question from the audience: if it's so easy to "turn on the machine and print as many quid as you want", then how come the US national debt is approaching 10 trillion (if memory serves me correctly). Why would they borrow, pay interest, then pay back the debt, borrow again, pay even more interest if they could just print?
Debt is good for them, without it they would have gone to hell a long time ago. Who would finance them? "If you owe a small amount, the borrower is dependent on you. If you owe a big one, you are already dependent on the debtor." These debts have got the whole solvent world hooked on the forced support of the American economy. Didn't you work at a bank? Does a bank need to bankrupt a borrower, especially if the loan has no real collateral? Yes, the bank is more likely to give another loan, restructure the debtor's debts, and "resuscitate" the debtor to the last ..... For otherwise they are guaranteed to get nothing.
In addition, by turning on the domestic machine, you will simply increase domestic inflation and get nothing. By borrowing, you give your economy extra incentive to be more efficient. The USA is not afraid of its debts, nor the interest on them, why should it be afraid of them? America not only borrows, it lends at about the same rate. But unlike its creditors, it can manipulate the dollar much more seriously, having a printing press and a demand for dollars outside the country...
And the machine is better used to export inflation to countries where it has its own interests.
Putin is 170.
Doesn't look small in real life, confidently average height. Thought he was a bit taller than 170, went to check. Antropometry of our and only leaders http://gazeta.aif.ru/online/aif/1240/06_01 But no it is like that.
Actually, my question was addressed to the proponents of the dollar-printing puppeteers theory. Why did America get to the stage of big debts? There's no logic to their theory.
There is-- you're just fixated on being right.
The craftsmanship of photography or another little deception.
Emelianenko is 182 cm tall, Van Damme is 175, Putin is 170. But how bogatyr looks on the photo little Tzachs.
4 cm difference on the shoe
4 cm boler tilt of Emelianenko's head
4 cm remaining noticeable difference
although moving the body relative to the hand is comfortable here
>> taken with a "short" lens - anyone taller but further away rests
Vladimir Putin and Fedor Emelianenko at the Russia vs America tournament
Vladimir Putin and Jean-Claude Van Damme cheered for Fedor Emelianenko
Well done Fedor - I've been following his performances for five years now
And the machine is better used for exporting inflation to countries with their own interests.
How so? Dollars for external use? One dollar for domestic use, another for export? Ban the importation of dollars into the country, ban foreigners from buying anything in America?