Thread: News Stories
View Single Post
Old 2011-05-10, 16:58   Link #13607
SaintessHeart
NYAAAAHAAANNNNN~
 
 
Join Date: Nov 2007
Age: 35
That 2T is to maintain their status as the world largest economy. The problem is that, the assets backing the USD are so lean and questionable that nobody dares to use it as transaction, so no amount of "quantitative easing" or "stimulus" is going to help - they have already broken the trust of investors.

In Macroeconomic terms, it is called liquidity trap. Though I don't know how something can be liquid when the pieces of paper issued it driven by the demand for more of it, and most of those who demand it seem to contribute less than what it is worth - resulting in its constant dilution of actual worth through the ages.

If bartering isn't that tedious and time-consuming, I would have totally be for screwing the USD or any other currency in favour of that.
__________________

When three puppygirls named after pastries are on top of each other, it is called Eclair a'la menthe et Biscotti aux fraises avec beaucoup de Ricotta sur le dessus.
Most of all, you have to be disciplined and you have to save, even if you hate our current financial system. Because if you don't save, then you're guaranteed to end up with nothing.
SaintessHeart is offline