The big question regarding the $1 trillion stimulus package is, "Who is going to buy the debt?"
Once the global market is flooded with those treasuries, and the value of existing treasuries (dollars) in the reserves of other nations starts to drop, only one solution seems likely:
"The world economy can just borrow from another rich planet looking for an investment."
(Comment #2 on this article at Huffington Post.)
This caught my eye because I'm currently reading Niall Fergusun's War of the World. An eye-opening read about the global run-up to World War II. I'm continually amazed at our ability to talk ourselves into the idea that there are benefits to destroying the lives of others.
It is a good short blog.I don't completely agree with your conclusion for global market is flooded with those treasuries, and the value of existing treasuries in the reserves of other nations starts to drop.
Posted by: hypotheek leads | March 08, 2009 at 12:05 AM
It is a good short blog.I don't completely agree with your conclusion for global market is flooded with those treasuries, and the value of existing treasuries in the reserves of other nations starts to drop.
Posted by: hypotheek leads | March 08, 2009 at 12:08 AM