patrick.net

cisTits says

Miss Nagasaki 1945

Is that real? (If so, then cisTits is an intarwebs wizard).

stereotomy says

Miss Nagasaki 1945

It's from here:

https://www.reddit.com/r/interestingasfuck/comments/ivd5jj/a_woman_survivor_of_the_nuclear_bombing_of/

I doubt she was "Miss Nagasaki", it's not like we have a Miss Chicago or Miss NYC.

Misc says

they are liquidating their supply of US Treasuries

Ah, I've been trying to understand what is killing the British Pound relative to the dollar. Maybe the British as also selling US treasuries.

1. selling treasuries lowers the market price for them
2. a lower price for a bond results a higher interest rate, given that the bond payments are constant
3. a higher interest rate on US treasuries draws foreign currency into dollars and away from pounds

Not all bonds pay interest regularly.
At a U.S. Treasury bond auction, the difference between the face value at the maturity date and what you pay for it determines the "interest" you earn buying it if you hold it until maturity.

For example, what would you pay for a US bond which will pay you $10,000 in the year 2032?
You are not going to pay $10,000 for it today, neither will anyone else.

The Federal Reserve helped enable the U.S. Congress to wastefully spend trillions of dollars by buying a lot of the bonds.
The media call this having the bonds on the Federal Reserve's "balance sheet".

I'm depressed and disgusted by the wasteful, foolish, stupid, irresponsible behavior by our government and by the people I know who hate saving and are broke.

The Democrats playbook is typical; spend a ridiculously huge amount of borrowed money and then later raise taxes on the responsible people (just 43% of Americans pay income tax).

A pox on them all.
Addendum: About 1/3 of the USA debt is owed to foreigners; this means you go to work and are taxed to pay interest to foreigners.
This money, like the money sent to Mexico by illegal alien workers, is lost from our economy forever.
The USA standard of living is getting gradually lower and lower.
Moral: Have a million bucks or more in your Roth IRA, fingers crossed they don't outlaw them.

@clambo Run for office...
clambo says

Not all bonds pay interest regularly.
At a U.S. Treasury bond auction, the difference between the face value at the maturity date and what you pay for it determines the "interest" you earn buying it if you hold it until maturity.

For example, what would you pay for a US bond which will pay you $10,000 in the year 2032?
You are not going to pay $10,000 for it today, neither will anyone else.

The Federal Reserve helped enable the U.S. Congress to wastefully spend trillions of dollars by buying a lot of the bonds.
The media call this having the bonds on the Federal Reserve's "balance sheet".

I'm depressed and disgusted by the wasteful, foolish, stupid, irresponsible behavior by our government and by the people I know who hate saving and are broke.

The Democrats playbook is typical; spend a ridiculously huge amount of borrowed money and then later raise taxes on the responsible people (just 43% of Americans pay income tax).

cisTits says

They are doing it because the yen is in deep shit:

https://doomberg.substack.com/p/battle-for-the-yen

Japan can't raise rates because their national debt is ~200% of GDP but if they don't the yen falls v the dollar. So they are selling the T-shit to buy yen.

Wait, why is yen falling vs dollar is a problem for them? Wouldn't it make their exports more competetive on the US market? I

clambo says

Moral: Have a million bucks or more in your Roth IRA, fingers crossed they don't outlaw them.

I am not worried about being outlawed, by about being "de Kirshnered." That is, the government confiscates all retirement accounts "for your safety" and doles out the proceeds as it sees fit.

1337irr says

For example, what would you pay for a US bond which will pay you $10,000 in the year 2032?

There is return on capital and then there is return of capital. There is no safer way to park money than US Treasuries.

Al_Sharpton_for_President says

You know what?

Fuck the Japanese - their government was horrific before and during WWII.

But I feel the same way with the United States. 800,000 dead in Iraq over a weapons of mass destruction program that didn't exist.

The Japanese didn't put their thumb down on their murderous, racist, asshole government, and neither did the United States in 2001. The chickens will come home to roost in time, and I think they are coming back right now.

richwicks says

800,000 dead in Iraq

Yeah, that number is really solid. Obtained literally by a public opinion poll. LOL.