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Reply #11: Cantor is an imbecile. Japan will sell dollar-denominated assets (T-Bills, etc.) .... [View All]

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TahitiNut Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-15-11 08:44 AM
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11. Cantor is an imbecile. Japan will sell dollar-denominated assets (T-Bills, etc.) ....
Edited on Tue Mar-15-11 08:46 AM by TahitiNut
... to fund their recovery. Such a sale both drives down the dollar and drives up interest rates on the debt. So, Cantor carries water for the billionheirheads who'd rather LOAN money (they don't pay in taxes) to the US and BENEFIT from the debt than hire anyone to produce needed goods and services. The sad fact of the matter is that it takes fewer IQ points to play paper chase bubbles than actually engage in enterprise. E.g. mortgage derivatives instead of widget production.

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