Politics
Out of context: Reply #15358
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I do have a question which might be dumb. Since I guess i've made my decision already on this "debt ceiling" issue. ..
Which was live more within range of intake. A little credit is not a problem. 60/40 and increasing isnt good. being sensible and balancing regular finances, not in what should be funded but can be funded. People say im an idealist and i talk about what should be and ignore reality, that im not pragmatic, but talk is talk and funds are real. When push comes to shove ideology has less sway and im more pragmatic, the philosophy is more guidelines. Nothing wrong striving to ease everyones natural burdens, but unrealistic in reality. And it still seems sound to me unless there is like a global run on credit i dont know about where everyone will be in default and who does it best comes out ahead...
Main question is anyone knows who exactly give us this 2.4 trillion in credit. Is this credit backed by real funds? Is it just opening a market for 2.4 trillion investment from treasury bonds? What exactly backs the bonds? How much capital does the FED really have? If Fed was compared to Goldman who really has the capital, and how much and how backed? Im kinda still balancing my views and started to ask myself where this currency is and what backs it instead of just saying 2.4 trillion or not. Is it liek the global market has 2.4 trillion in cash reserves? China? If this is some bet to take the money on some sort of CDO much like a minimum wage strawberry farmer buying 500K dollar house knowing if he defaults with nothing to be collected than maybe its ok. But would liek a larger military for debt collectors.
- also does a rating agency approval really matter? Since there models are fucked and helped us into this situation.********
- Seems liek theyre more an illusion of safety and good enough reason to not take responisbilty for own diligence********
- also does a rating agency approval really matter? Since there models are fucked and helped us into this situation.