Sunflier@lemmy.world to World News@lemmy.worldEnglish · 19 hours agoDanish pension fund to sell $100 million in Treasurys, citing ‘poor’ U.S. government financeswww.cnbc.comexternal-linkmessage-square38fedilinkarrow-up1500arrow-down10file-textcross-posted to: [email protected]
arrow-up1500arrow-down1external-linkDanish pension fund to sell $100 million in Treasurys, citing ‘poor’ U.S. government financeswww.cnbc.comSunflier@lemmy.world to World News@lemmy.worldEnglish · 19 hours agomessage-square38fedilinkfile-textcross-posted to: [email protected]
minus-squarehector@lemmy.todaylinkfedilinkEnglisharrow-up7·9 hours agoWe are no where near maxxing out credit, which will happen before these malicious clowns lose control. I suspect at that point they will print money to pay debt and start a hyper inflation. But lost in all this is stated inflation higher than the cpi, understated on purpose several times in the last half century. By 2008 inflation was 5 to 8 percent on average under the old measure. Around 3 on the new.
We are no where near maxxing out credit, which will happen before these malicious clowns lose control.
I suspect at that point they will print money to pay debt and start a hyper inflation.
But lost in all this is stated inflation higher than the cpi, understated on purpose several times in the last half century.
By 2008 inflation was 5 to 8 percent on average under the old measure. Around 3 on the new.