Quote:
Originally Posted by the alchemist
Yeah, the 2 billion dollars per week war, printing unbacked money and borrowing funds from China, Japan, Mexico and more has nothing to do with it.  |
That $2 bill/week war seems to be just grain of sand in relation to other other borrowings...
Example... the borrowings from the Central Bank of China alone are $3-4 billion/day and a further $9-12 billion/day from other nations. (These are very "average" borrowings and can be a few billion either way).
So.. in a week, at a modest calculation, the loans are approx $60-70billion and little clue to repay but just cover the interest costs?? The "war" seems to fade into insignificance in relation to the overall problem.
Maybe there is an economic problem or the calculator is bust??
I'd gamble all assets on the first possibility with 100% certainty.