CampeadorWait a minute... aren't you the same person who had a fit when Trump suggested potentially renegotiating the debt?
It's interesting you pretend to understand interest rates, when you haven't got a clue that the interest on the debt is one of the main threats of a twenty trillion dollar deficit. Only a wasted 500k in education could produce someone that is so pretentious and dumb at the same time.
So far for fiscal year 2016, the U.S. government has paid $432,649,652,901.12 in interest on the debt. And that's with interest rates near zero. This amount could shoot through the roof if the interest rate rises, with the United States government reaching the point of being completely insolvent.
https://www.treasurydirect.gov/govt/reports/ir/ir_expense.htm
If you don't think that's a problem, you're a fucking idiot.
Also, only a smug financial sector parasite could think that the U.S. doesn't have strong manufacturing capabilities. Toyota makes beautiful cars right here in the USA. The United States has plenty of manufacturing potential.
What the hell do you produce?
That was sarcasm. Renegotiating debt is financial suicide.
Right, have you seen the trend? Interest rates will not spike any time soon. If you had any inkling of economic knowledge, you would see we (the world) have been in a liquidity trap for quite some time. No countries will raise interest rates so long as we experience this phenomenon. And given the global sentiment right now, that is unlikely to change.
Hell, The US is more likely to go negative than return to the interest rates of years past.
Also, I don't think its a problem when the US dollar is the financial lynch pin of the world. No country has any interest in seeing the US dollar fall.
We don't have strong manufacturing capabilities anymore...this isn't just me believing this is every one with a brain. We may bring some manufacturing back, but it will go straight to automation. Manufacturing will not bring back jobs, nor will it "make this country great again".
Our economy is no longer built for manufacturing. So long as there are 3rd world countries, 1st world countries will never return to manufacturing employment prowess. Don't believe me? Read this.
https://fas.org/sgp/crs/misc/R42135.pdf
What do I produce directly? Nothing, I don't work in manufacturing. Indirectly? The ability for drugs to come to market, consumption of goods, investments in other companies, etc. Just as much as the majority of anyone who works outside of the manufacturing/manual labor industry.
What about you? Besides bullshit.