I repeat my question, PC.To whom do we owe this money?
What happens if we default?
I admit to being lousy at Econ. 101
You (I suspect) realize that THAT is the KEY question that we ought to be asking ourselves.
But we do not because we have been trained to think that money and economics operates in the same iron clad ways that the the laws of physics, operate.
We are basically being bambuzzled.
I'll say it again.
We go from having a gangbuster economy to a depression in A DAY.
Nothing really happened in the REAL WORLD WHERE WEALTH IS CREATED to make that happen.
Where things suddenly and inexplicably go arye is in the BANKING AND FINANCE SECTOR.
Suddenly we then are told that somehow WE THE WORKING PEOPLE are doing something wrong and its all our fault.
And many of you idiots buy into that nonsensical blather, too.
And that is what basically mystifies me.
How can you folks continue to miss something SO OBVIOUS?