quantitative easing to increase the amount of currency in the economy, making it worth less so that banks will lend it easier and with lower interest rates.
Now they are buying commercial debts and such with the new currency, because the short term securities they used to buy are at 0% and...
I understand about the inflation situation. But something has to be done. we cannot keep buying or trading imported goods for our farmland, printing more money, or borrowing it back with interest. Not for much longer anyway.
Am I missing something?
That's scary. arms race could only be stopped by war or economic failure? I guess trying to wreck someone elses economy today is war?
Anyone could deliver a undetected nuke payload today. all you need is a stealth plane and a kamikaze pilot..missles are detectable.
Further, could you...
That's true. I wonder what it will take to keep our standard of living intact though. Everyone has and depends on cars now...how much has oil consumption jumped since the 50's I wonder? that's what I mean about resources.
Good point. I suppose our technology has made the Earth much smaller and easier to get places, and made conducting wars easier.
If I were starving, id think I would not just sit there and die..Id rather die trying to get some food.
How does the United States and other nations replace the currency they export, or spend to buy imported foreign goods?
I can see if the trade is balanced, you would get it back.
But what if the trade is not balanced?
We have to have money here to trade amongst ourselves don't we?
How...
Japan sure saved themselves a lot of money though.
I'm sure they would be happy to skip some more expensive safety measures in the future too.
I'm also pretty sure they will sometime soon be taking over someone elses property anyway.
It is really a shame we spend billions killing and defending yet, we endanger our very future, and the very resources we fight and kill one another for... cause it is cheaper to do so?
wow