Never seen trump play sport like this:
Shame Boris lost his bottle over rona
There is no history with a country as successful as the USA and with no credit issues defaulting on debts.
You cannot ignore history that doesn't exist.
I understand what you are saying, you believe if the USA defaulted on some china debt it would result in the same situation as countries who were in deep financial trouble.
Im not sure what would happen (no one is), but in my uneducated opinion the USA would not develop into the same situation/have the same problems that Greece or Argentina saw.
My basis of thought is an arrogant view of the USA being the leader of the global economy and what ever happens in the USA trickles onto the rest of the world.
its a shame you never quite got to the point of admitting that you dont know how it'd turn out, but you have an idea/opinion/education based on countries that have done it in the past under very different circumstances.
What I'm saying is you are acting like you'd know what would happen, but you do not, nor do I, nor does anyone. That is why you believe it'd be a bad idea, rather than knowing it is a bad idea.
My point is there is no legal process for when a country defaults, no laws to follow. You have a few countries that have previously done it which lays down what might happen, but simply nothing to compare what would happen if the USA decided to do it.
The countries that have done it previously have all been in a terrible state (Greece/Argentina) and were already in political, financial and general turmoil.
The only time I can see a country defaulting on debts specific to a country was China situation, they paid some money back to the UK (which was pretty much to take back Hong Kong).
Large countries that have defaulted are Russia and Germany which both appear to be around and doing ok today.
"is a good option for healthy countries?" I dont know, you dont know. I understand your economic education allows you to look into an indepth review of what might happen, but what information is your education based on? It comes back to the same question of its a complete unknown.
Educate myself on something that hasn't happened?
How can you not see that all the education in the world cannot predict what would happen? That's completely closed minded.
I bet you believe in the Coronavirus predictions and the 2016 predictions!
I see you've ignored my questions about the international laws. Nice.
You've also completely ignored the defaulted bonds that are held in the USA.
Apologies for triggering you with this information, I'll go quietly into the night and leave you in your safe space Mr Educated Man.
You do not know the affect because a country like USA has never defaulted in such a way. Places like Argentina are hardly comparable, but did ok out of the situation they were in.
Please let me know the international laws the govern such actions by countries.
My original comment was on cancelled debt from China. Strangely this links in very well with what China did to the USA with the bonds, they paid other countries and not the USA. Even after that they've done ok internationally.
It's nice though this thread is the first time I've seen you try and explain your position versus tell people they are wrong with details.
We are on the same side in regards to government spending, small spending, pay our legit debts down.
My background in finance stems from only my own research, trading and a long time ago I worked in commercial banking. I'm sorry but in regards to studying economics how would it give foresight into a situation you simply have too many variables to model. I understand your fall back is what you were taught, the county is no longer able to borrow and if it can high interest, the markets are affected, investment in private businesses is affected etc. Etc. But is that likely for the USA.
What I'd like is for the money China owes to be enforced, if they will not "play the game" the game obviously doesn't work, so you rewrite the rules.
I think you miss the point. These masks are now being pushed on people to ensure that people know there is an "event" going on.
If masks work as you say, the aim of the game should be people getting sick at a level that is manageable for the local health facilities. We know Wuflu isnt going away and therefore it seems sensible to presume everyone cant hide from it for ever. So why isn't there some kinda arbitrary "if your social id number ends in"/"if your birthday is in x month" logic being applied to a part of the population not wearing a mask.
If that was done, based on what youv'e said about the effectiveness of the mask, we would have a small amount of transmission, people get ill (SAD SAD!) and the hospitals can manage.
How does everyone wearing a mask help long term?
Yes I am exactly comparing.
Credit is a universal system. You want to borrow money, someone isnt sure they want to give you the money so there are companies out there that will tell you how likely it is you get your money back.
Debt trading and Global financing is part of an overall problem and it drips down.
In my example you'd be best exploring a bankruptcy as you'll likely never pay the debt off and there is no point "maintaining" your credit score.
Who are the USA "borrowing" 3tn for stimulus? It certainly isnt corporations or people.
China has defaulted on over $1tn dollars in sovereign debt / bonds owed to the USA, they dont seem to have issues with money.
Thats like telling someone with 100k credit card debt that they need to keep paying the minimum to protect their credit rating.
At times you get to the point where credit rating is meaningless and they are simply enslaved.
"deceptive, pretextual, or inconsistent with a provider’s terms of service"
He's creating a slippery slope for them.
Objectionable will come from the user or the platform. If from the user it'll be applied equally. If from the platform they have to state their position.