[GonzoGOP]

This means that when the federal government monetizes the debt, causing hyperinflation, we have to send tankers full of worthless bills to China to pay off the debt. They can use it for toilet paper, since it’ll be cheaper.

I say we have all 50 states secede from Washington DC and join with PR, Guam, and the USVI to form a new country. DC gets to keep the debt and all the politicians, they ran up the bills, they get to keep them. China can just repossess Washington DC and turn it into Hong Kong on the Atlantic.

[DonaldC]

“This means that when the federal government monetizes the debt, causing hyperinflation, we have to send tankers full of worthless bills to China to pay off the debt. They can use it for toilet paper, since it’ll be cheaper.”

No, this is about the only positive thing about inflation. If we owe China $2 trillion, we owe them $2 trillion regardless of what the relative worth of that amount is. It is not their best interest for us to hyper inflate because their investment becomes worthless.

[GeronL]

wonderful idea!