I'm with you on the prevalence of the story and it's subsequently being talked about on DU, I'm just astounded by the number of people who say/type things that are just head scratchingly dopey! And it's not new, of course. It's been going on for years.
Here's an example from a long while back;
On a regular thread in another group, a poster said something to the effect "When China calls in its markers", insinuating that "China" had loaned this country money and could demand repayment in full at any time. I tried to politely explain that's not how it works, that "China" in whatever entity you care to point to, had voluntarily PURCHASED US Treasury bonds and they are in no possible way able to demand early redemption. That's just not how the system works.
The poster was having none of it. Told me I didn't know what I was talking about, that they had in fact loaned us cash, just like a bank does when you buy a car.
I finally gave up, because trying to tutor someone on the basics of how the international sovereign bond market operates is not how I wanted to spend an evening!
There are of course, thousands of areas of study I am a complete ignoramus in. And I am by no means an expert in investing or the financial industry, either. But I know what I know, and I can spot bullshit pretty easily.
It would be like me going into the "Open Source and Free Software" group, a subject I am virtually clueless about, and spouting off like I had invented some special code! I mean, I've owned computers since the early 90's, so perhaps I could type a post that looks good on the surface, but would mean absolutely nothing!
As I said, I'm very glad the regulars in this group don't do that sort of thing.
Anyway, again, thanks for the compliment. As I said in the post I pinned, I'm going to be as absolutely hands off as I can, but I think the Border Collie analogy is apt. I'll just do my best to keep the wolves at bay.
I hope your 2019 is joyful and profitable!
Paul
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