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Question on US debts and bankruptcy

  • #1
  • First Post: Jan 1, 2015 8:12pm Jan 1, 2015 8:12pm
We all know that the USA is heavily in debt ($16 trillion worth of US government treasury bills and bonds) but why haven't the county collapsed under its debt yet or at least undergo a period of pain like what happened in Greece?

So I did a little study of my own, the difference between the US and Greece is that the US prints their own money while Greece cannot, having surrendered their monetary policy to the European Central Bank.

Another important thing I like to highlight from here is that US debts are denominated in US dollars and the US Government is the only sole supplier of US dollars by the virtue of its printing machine. Maybe that explains why the US have yet to collapse like that of Greece. So now the question is; "can a country goes bankrupt from debts denominated in a currency it prints?"

This is just my opinion, it would nice to hear inputs from the rest of us here.
"Nature's law" is called "Reason". When perfectly understood by human it is
  • #2
  • Jan 1, 2015 8:18pm Jan 1, 2015 8:18pm
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting Caesar95
... can a country goes bankrupt from debts denominated in a currency it prints?
No ... unless it runs out of ink ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #3
  • Jan 2, 2015 3:21am Jan 2, 2015 3:21am
Quoting FerruFx
{quote} No ... unless it runs out of ink ...
Agreed. Right that is the problem. While money are being printed, the global USD bubble will be increasing.
Moreover the point of no return is behind. So they can not stop working the printing machine.

Best,
D.P.
Hunting High and Low
  • #4
  • Jan 2, 2015 4:05am Jan 2, 2015 4:05am
Every country can print untill inflation brings it to becomes toilet paper.
The US can do it because of it's military domination.
It uses it's financial weapons to topple any government who dares to question ( regime change ).
If financial weapon is not enough, missiles will finish the "rebelling" regime,
  • #5
  • Jan 2, 2015 4:09am Jan 2, 2015 4:09am
Quoting highway
Every country can print untill inflation brings it to becomes toilet paper. The US can do it because of it's military domination. It uses it's financial weapons to topple any government who dares to question ( regime change ). If financial weapon is not enough, missiles will finish the "rebelling" regime,


That is why in order to burn their debts they need wars worldwide.

D.P.

P.S. But knowing it does not make the life easier.
Hunting High and Low
  • #6
  • Jan 2, 2015 4:24am Jan 2, 2015 4:24am
Quoting Dr.Phoenix
{quote} That is why in order to burn their debts they need wars worldwide. D.P. P.S. But knowing it does not make the life easier.

Not making the life easier for 90% of my American friends, but not for the 1% that is on the top nor the politicians that can be bought.
  • #7
  • Jan 2, 2015 11:49am Jan 2, 2015 11:49am
Quoting highway
{quote} Not making the life easier for 90% of my American friends, but not for the 1% that is on the top nor the politicians that can be bought.
SADNESS !
Hunting High and Low
  • #8
  • Jan 6, 2015 2:08am Jan 6, 2015 2:08am
Money and bombs rule the world, it's that simple
used to be undecided but nowadays can't make my mind up
  • #9
  • Jan 6, 2015 2:15am Jan 6, 2015 2:15am
Quoting mrcreosote
Money and bombs rule the world, it's that simple
Don't be so bloody stupid, you need to convince people that they are 'free' to be as fat, intelligent (aka stupidly opinionated) and debt ridden as they want to be
used to be undecided but nowadays can't make my mind up
  • #10
  • Last Post: Jan 7, 2015 2:41am Jan 7, 2015 2:41am
Quoting Caesar95
We all know that the USA is heavily in debt ($16 trillion worth of US government treasury bills and bonds) but why haven't the county collapsed under its debt yet or at least undergo a period of pain like what happened in Greece? So I did a little study of my own, the difference between the US and Greece is that the US prints their own money while Greece cannot, having surrendered their monetary policy to the European Central Bank. Another important thing I like to highlight from here is that US debts are denominated in US dollars and the US Government...

remember about Debt to GDP ratio. For US it is only little over 100% while for ireland it is ten times more. All countries are loaned up between each other, it is possible that developed countries live and rise their economy for the money of others, remitting them somehow later..
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