Comments by "serafina costa" (@serafinacosta7118) on "The US Credit Rating, Budget Deficits and Debt || Peter Zeihan" video.

  1.  @Rides.Roasts.and.Retrievers  now , there is a good reason to run away from the dollar as a trade reserve currency. BRICS might be the sum of all idiots in the same boat, but conceptually it is a way to buffer away from America’s fiscal management.
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  2.  @taran5209  Social Security and Medicare. About over 110 trillion dollars at present value, owed towards the next 30 years.
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  3. And 750,000 Americans living permanently in Mexico endorse. All but a part of 9 million American Expats , minus stationed military personnel.
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  4.  @Daniel31415  which inevitably leads to inflation
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  5.  @sc100ott  that is for municipalities to keep. Every cent of it. The thread is all about Federal Government Debt.
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  6.  @mikesmith7249  indentured slavery.
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  7. Poor return on investment. Infra structure , education , Public health provide better outcomes.
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  8. Funny. Harry Markopoulos stated the same. Couple of his interviews on DP/20 he goes just about this.
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  9. Brazil 80’s to 90’s as a classical example of your pontification. It took drastic measures to stabilize the inflation and value of the local currency. Which had to change denomination name , from Cruzeiro to Real ). Now , despite graft scandals that pop every now and then , we have into law ( Lei da Responsabilidade Fiscal or Fiscal Responsibility Law ) that limits Government spending ability. I recall the stabilization was executed late 90’s under the unheralded Fernando Henrique Cardoso two terms administration. They has to cut spending , auctioned off Government run companies ( Banks , Steel Mills , Mining Companies ) to stop the bleeding.
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  10.  @rainbowodysseybyjonlion  there is a difference between inflation and runaway inflation. And no nation , even the US , is imune to this.
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  11.  @thomas735  they meant Mexico. That is what is meant by reshoring manufacturing. Anything involving labor intensive production.
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  12. There is a Reason why Ireland has become an wealthy nation lately. The same one that exported Irishmen and whiskey. The whole country is a huge corporate tax shelter for US corporations.
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  13.  @jerkfudgewater147  hitmen ????? Are you insane ? What kind of nonsense is that ?
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  14. Quoting Ralph Nader ….” Both parties dial from the same dollar onncampaign contributions “.
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  15. There isn’t enough US consumption to make ground on tax levies. The rest of the windfall comes from exporting goods. Problem with that , if you tax exports , they become uncompetitive on pricing.
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  16. Paraphrasing Ralph Nader …” both sides of the isle dial from the same corporate dollar. “. Reagan busted the unions , as bad as they were with graft , they were the only keg standing on quid pro quo democracy. Unions made campaign contributions to their candidates. Heck , even Nixon had to reckon with unions and make concessions.
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  17. Former Massachusetts governor, Bill Weld , comes to mind. He lost the presidential Republican primaries to that fool , Trump. Bill was a consumate tight wad. And as an attorney , his specialty was Constitutional Law. Fair but firm.
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  18. Ross Perot was an hypocrite. He too suck on the big teats of government. Though his contract company. Both EDS ( later sold to GM) and then Perot Systems. Just because one preaches about morality does not make one morally correct.
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  19. Curiositycloset2359 has a point. At that time, 1970, the French Government dispatched a ship to recover their gold bullions , deposited at Fort Knox , KY. The squeamy French knew better. That is the very same French who did not pay us war debt , and later relinquished Indochina as a repayment alternative. We got Vietnam. They dumped it on us.
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  20. I liked Harry Markopoulos analysis better. He made a couple interviews on DP/20 , on this very YouTube , that are a wake up call. Peter knows squat about financial analysis. Harry does.
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  21.  @ralphholiman7401  it already does. Hence the bond market.
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  22.  @charleshill7184  true. But reissued debt is offered at higher yelds. And everyone , from a mortgagee to the US Government , needs to refinance , or roll over old debt. And therein lies the trouble.
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  23.  @ulf5738  Social Security Deductions are syphoned into US Denominated Debt. All of it .. on I.O.U.s.
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  24. The alternative is to borrow the fundamentals for the old bartering system , in global trade transactions. There were precedents to this , ubensknown to most people. Back in the 80’s , Brazil was a net importer of crude oil. Pre war Iraq was flush with it. So the parties came to meet and worked out an agreement , involving a third party ( the Brazilian Volkswagen subsidiary ). Brazil would import crude , and in its turn, export VW made Passat sedans. Then Petrobras , the government majority owned oil company , paid VW in the Brazilian denominated currency. The deal later was subsequently augumented with Frozen Poultry and Engineering Services ( Mendes Júnior beat out Bechtel on bids for roads , dams ). Same payment structure , as I stand to be corrected .
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  25. Even Warren Buffet concedes this is a problem. And so Ray Dalio.
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