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<blockquote data-quote="HerefordSire" data-source="post: 665319" data-attributes="member: 4437"><p><em>What is happening is the opposite of what you are thinking. If you are a debt holder of securities like China is and we dilute all the dollars like we are doing now (monetizing debt), then what happens is we make the amount owed much smaller in today's (or tomorrow's) dollars. We could literally save trillions and trillions on the deal by paying off old debt with new dollars. But, there are two sides to every coin. The downside is, citizens having CDs (or those holding cash), for example, will lose. On the other hand, the citizen risk takers could be rewarded handsomely.</em></p><p></p><p></p><p><em>Edit....we are on the verge of shafting the Chinese people. This is not publisized, but if you listen to the Chinese leaders, they want to get weaned off the dollar because they know we will print the heck out of it. This could cause a war. Tim is over in China right now speaking of this exact subject. What I don't know is if GM has anything to do with the visit.</em></p></blockquote><p></p>
[QUOTE="HerefordSire, post: 665319, member: 4437"] [i]What is happening is the opposite of what you are thinking. If you are a debt holder of securities like China is and we dilute all the dollars like we are doing now (monetizing debt), then what happens is we make the amount owed much smaller in today's (or tomorrow's) dollars. We could literally save trillions and trillions on the deal by paying off old debt with new dollars. But, there are two sides to every coin. The downside is, citizens having CDs (or those holding cash), for example, will lose. On the other hand, the citizen risk takers could be rewarded handsomely.[/i] [i]Edit....we are on the verge of shafting the Chinese people. This is not publisized, but if you listen to the Chinese leaders, they want to get weaned off the dollar because they know we will print the heck out of it. This could cause a war. Tim is over in China right now speaking of this exact subject. What I don't know is if GM has anything to do with the visit.[/i] [/QUOTE]
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