{"id":31749,"date":"2025-01-30T15:57:56","date_gmt":"2025-01-30T15:57:56","guid":{"rendered":"https:\/\/www.duck9.com\/blog\/?p=31749"},"modified":"2025-01-30T11:58:21","modified_gmt":"2025-01-30T15:58:21","slug":"what-we-can-and-cannot-print","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/what-we-can-and-cannot-print\/","title":{"rendered":"What We Can and Cannot Print"},"content":{"rendered":"
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Luke Gromen<\/a><\/b><\/td>\n<\/tr>\n
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\u2066\u202a@RickFedorowich\u202c\u2069<\/a> Agree debt is denominated in USDs we can print; SSA is inflation-adjusted & Medicare\/-aid is owed in hard currency we cannot print (Rx, hips, knees) & is therefore akin to Weimar gold war reparations<\/p>\n

If stocks fall, receipts fall👇; at 125% debt\/GDP, 7% deficit = US debt spiral pic.x.com\/VccaNM7Fqj<\/span><\/a><\/td>\n<\/tr>\n

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Have they tried asking the Fed to print more batteries?<\/p>\n

As those US policymakers & economists crooning “All we need is King Dollar” continue to be discredited by headlines like these, the US leader w\/the wisdom to fix this will be lionized like Lincoln, FDR, JFK in history books pic.x.com\/Nj4FqklQTx<\/a><\/td>\n<\/tr>\n

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Foreigners that owe USD debt cannot print USDs…<\/p>\n

…but foreigners do have a $50T (gross; $18T net) “USD piggybank” they can tap to acquire needed USDs any time the USD gets “too strong.”<\/p>\n

This is why the UST market keeps “dysfunctioning” every time the USD gets “too strong.” pic.x.com\/LXnNPOCSFG<\/a><\/td>\n<\/tr>\n

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\u201cOver 60% increase in Medicaid over the past 4 yrs is the biggest budget line now, & it is increasing faster than any other.\u201d<\/div>\n
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60% in 4 yrs = 12.5% CAGR, owed in a “hard currency” we cannot print (hips, knees, Rx).  This is functionally similar to Weimar post-WW1 gold reparations<\/div>\n
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    Luke Gromen \u2066\u202a@LukeGromen\u202c\u2069 \u2066\u202a@RickFedorowich\u202c\u2069 Agree debt is denominated in USDs we can print; SSA is inflation-adjusted & Medicare\/-aid is owed in hard currency we cannot print (Rx, hips, knees) & is therefore akin to Weimar gold war reparations If stocks fall, receipts fall👇; at 125% debt\/GDP, 7% deficit = US debt spiral pic.x.com\/VccaNM7Fqj […]<\/p>\n","protected":false},"author":1,"featured_media":31750,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-31749","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/31749","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=31749"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/31749\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media\/31750"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=31749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=31749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=31749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}