breaking news- us treasury/dollar rises!, page-31

Tch,

You keep using the word 'creditors'.
No body is a creditor to the United states.
NO body lend's money to congress so they can pay their bills.

Your whole post show's you don't understand what I'm describing of how sovereign currency countries (US, Aus etc) and are clinging to the working's of the gold standard and the European system.

Please don't paraphras Schiff, he's just awful, he has a massive following because he is constantly saying how the US is bankrupt etc. etc. He's wrong.


You say the fed overtook China as the largest holder, as my example above showed the way money is created, the FED IS the original holder of EVERY TREASURY in existence that is how money is created, not by China lending anything to the US.

China didn't give the US money, they saved US dollars by sending them good's and services, they purchased treasuries that the FED NOT CONGRESS offered for sale.
The fed did this as a monetary tool.

>THe creditor's wont demand higher rates, because their not really creditors at all. THey just have US treasury savings accounts.

I'll respond to the rest later because I have to go, but you make some good points that will provide me with even better points to argue.