| Re: (PR&C) I really wish the US would go on a serious financial diet ...... |
Subject: Re: (PR&C) I really wish the US would go on a serious financial diet ...... by Ultraman on 2011/2/8 22:53:31 What I don't understand is why some countries don't have debt. I get the middle east and the oil they own but where is China getting it all and what do they know that they keep buying our bonds? We need to pay more in and cut costs. Understand though that a dollar is backed by the full faith and credit of the US Government. As long as they tell you a dollar has some worth then it must, right? It all started when they went off the gold standard I think. But there wasn't enough gold to cover the trillions needed to float this boat. So they are making it up as they go along. That should help you sleep tonight. |
