Я не понимаю

[favorov]

А где США возьмут эти 800 млрд долларов на выкуп плохих активов?
У них есть такие резервы?
Одолжат?
Напечатают - то есть, как я понимаю, возьмут у нас из кармана?

Comments

[obskurant.livejournal.com]

Втихую выдадут безналичные кредиты карибским банкам (из левой безналичной эмиссии). Те на них накупят казначейских обязательств, вот и легальные денежки.

[vogluskr.livejournal.com]

Резервов таких конеяно нет. Бюджет глубоко дефицитный.

Или займут или напечатают.

[purple-monkey.livejournal.com]

Нет резервов, конечно. Займут.

[mewhoelse.livejournal.com]

Reserves are for 3rd world counties - US own the USD printing press. It cost 3% a year for 30 years to run it. Not a bad deal if you ask me.

Flame away :)

[favorov.livejournal.com]

но я правильно понимаю, что за эти ваши плохие активы в таком случае будет платить каждый обладатель долларов и казначейских обязательств, которые просто обесценятся на соответсвующий процент?

[(Anonymous)]

"в таком случае будет платить каждый обладатель долларов и казначейских обязательств" - Da.

This is the case with any fiat currency regime. Your are using a Government reputation as the means of value exchange. One would argue that Swiss Gov has a better reputation then US when it comes to monetary policy - Swiss Franc is not liquid enough to serve as reserve currency. But as last week shown - politicians are politicians. Time to reconsider the Gold standard. Ron Paul '08.

[mewhoelse.livejournal.com]

Given that continuing to buy US assets will come under increasingly harsh scrutiny overseas, the US needs to bend over backwards to devise a plan that at least looks credible in terms of directing the funds that come from taxpayers and lenders to their highest and best uses and implementing reforms that will restore active and prudent oversight of financial firms. The Administration's demand for a free pass, even if Congress unwisely goes along, is likely to backfire with our foreign creditors. As reader and sometimes contributor Richard Kline commented:

This approach screams, literally screams "DEFAULT," because however sensible any one such guarantee may be, in aggregate we don't have the dough, and aren't going to get it from overseas, either. So if Congress is fool enough to vote for these upfront, they have just killed our currency and sovereign debt a few quarters on, rather like the hapless homebuyers taking out an ARM on a home ten times their annual income 'because the opportunity is there.'


If you think this is a tad melodramatic, consider the summary at VoxEU by Carmen Reinhart of her work with Kenneth Rogoff on financial crises (italics hers):

Serial default on external debt—that is, repeated sovereign default—is the norm throughout nearly every region in the world, including Asia and Europe....

Another regularity found in the literature on modern financial crises is that countries experiencing large capital inflows are at high risk of having a debt crisis. Default is likely to be accompanied by a currency crash and a spurt of inflation. The evidence here suggests the same to be true over a much broader sweep of history, with surges in capital inflows often preceding external debt crises at the country, regional, and global level since 1800, if not before.

Also consonant with the modern theory of crises is the striking correlation between freer capital mobility and the incidence of banking crises,... Periods of high international capital mobility have repeatedly produced international banking crises, not only famously as they did in the 1990s, but historically.

http://www.nakedcapitalism.com/

[mewhoelse.livejournal.com]

Oh, yeah: The conclusion:

"We have said more than once that the the US in the same position as Thailand and Indonesia, circa 1996, except we have the reserve currency and nukes. It looks like we will have the opportunity to see how those two assets influence the end game."