It's not killing me, I have no idea of what you mean by "Time" Is this some fantasy moment you have in your dreams - really I don't care what your fantasy is, in fact I would rather NOT know.
Now who do we owe the money to? Mars.....
Take risks - if you win you will become wealthy, if you lose you will become wise
Pete, stop being childish. You know it's a global accumulative of individual countries so it's national debt owed to other nations.
Unless you are being serious and you believe debt is not real?
Debt is definitely real for the suburbanites. It doesn't matter if you belong to a cult that says that says that aggregate debt is little more than a fiction, the suburbanites are on the hook. in Australia, that debt is related to housing and you need ever increasing numbers of new suburbanites (or greater levels of individual debt) willing to a do the donkey work to keep the circus running.
It's not killing me, I have no idea of what you mean by "Time"
You know I love it when you Avoid, Divert, Ingore or just plain pretend that you do not understand what is being discussed as it doesn't suit your narrative.
Here it is again since you struggle with it so much:
Quote:
But when that "Time" comes what will you do? Its obvious by the the statement that you know that time is coming...
Quote:
But you didn't say what you will do when they stop....... Funny that.
Quote:
You did not answer the question.
What will you do when it ends?
What excuse will Rufus use next I wonder..............
You know I love it when you Avoid, Divert, Ingore or just plain pretend that you do not understand what is being discussed as it doesn't suit your narrative.
Here it is again since you struggle with it so much:
What excuse will Rufus use next I wonder..............
What TIME is coming Simon. This vague shit that you post is seriously idiotic. Spell it out or stop posting.
zaph
5 Jan 2017, 10:35 AM
That's not what the article says.
Most of the government debt is owed to their own citizens - eg Japan. massive government debt all owed to the Japanese people. Solution - tax the money back from the Japanese people who hold it. That would cause a recession/depression so it won't happen. Interest cost on that government debt is virtually zero, and the BOJ sets the interest rates.
Massive misunderstanding of public debt here by Simon and those who panic about it. Private debt is more complex, but rates in Australia are still managed by RBA who will keep rates at a level that won't cause a recession - so they will fall or rise depending upon overall ability of the borrowers to pay their loan repayments. If the RBA see stress in the market they will drop rates, if they see wage growth and inflation, they will lift them.
What TIME is coming Simon. This vague shit that you post is seriously idiotic. Spell it out or stop posting. Most of the government debt is owed to their own citizens - eg Japan. massive government debt all owed to the Japanese people. Solution - tax the money back from the Japanese people who hold it. That would cause a recession/depression so it won't happen. Interest cost on that government debt is virtually zero, and the BOJ sets the interest rates.
Massive misunderstanding of public debt here by Simon and those who panic about it. Private debt is more complex, but rates in Australia are still managed by RBA who will keep rates at a level that won't cause a recession - so they will fall or rise depending upon overall ability of the borrowers to pay their loan repayments. If the RBA see stress in the market they will drop rates, if they see wage growth and inflation, they will lift them.
Japan is a creditor nation. It doesn't compare to anywhere else. Secondly, the country doesn't rely on massive h'hold debt as opposed to the Anglosphere. Without it, our economies are toast. Japan has been constantly adjusting towards an economy where price and affordability determine who wins.
Japan is a creditor nation. It doesn't compare to anywhere else. Secondly, the country doesn't rely on massive h'hold debt as opposed to the Anglosphere. Without it, our economies are toast. Japan has been constantly adjusting towards an economy where price and affordability determine who wins.
Terry, Japan has a MASSIVE government debt. that has pumped enormous amounts of money into the economy, which then allows it's citizens and corporations to hold massive savings both at home and abroad.
the Japanese people are not BETTER savers than any other nation, they have simply been pumped full of Yen by the BOJ.
It's not adjusting to this Nirvana that exists in your mind, it's clearly trying to shake that off and return to a stable inflationary environment. That will happen when it returns to population growth and gets over t's aging problems, which will take some time. Enjoy your Nirvana while it lasts - it won't be around forever.
What TIME is coming Simon. This vague shit that you post is seriously idiotic. Spell it out or stop posting.
Massive misunderstanding of public debt here by Simon and those who panic about it. Private debt is more complex, but rates in Australia are still managed by RBA who will keep rates at a level that won't cause a recession - so they will fall or rise depending upon overall ability of the borrowers to pay their loan repayments. If the RBA see stress in the market they will drop rates, if they see wage growth and inflation, they will lift them.
is the failure or refusal of the government of a sovereign state to pay back its debt in full. Cessation of due payments (or receivables) may either be accompanied by formal declaration (repudiation) of a government not to pay (or only partially pay) its debts, or it may be unannounced
Shhh.....Just don't mention Private Debt as we live in the real world...............Rufus will throw a Hissy fit if we do.
Good grief. Please read the Wikipedia page that you linked. You may learn something.
Then stop making strawman arguments up.
You are a complete failure Simon.
Fantastic answer Rufus one of your best yet.........
Rufus
5 Jan 2017, 12:13 PM
Terry, Japan has a MASSIVE government debt. that has pumped enormous amounts of money into the economy, which then allows it's citizens and corporations to hold massive savings both at home and abroad.
And yet house prices have gotten smashed in Japan.........
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