AntonToo
Diamond Member
- Jun 13, 2016
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I'm not going to pretend to understand all the nuances of economic philosophy, but when your country's currency is based on FAITH, rather than actually having any tangible value, it makes no difference what your debt is.
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Insane nonsense. What you don't get is that the FAITH is that of the lenders who buy up US treasury notes.
If our debt gets out of control with respect to our economy size (and it's quickly getting there) the loss of that FAITH that US can pay it's obligations will be catastrophic for our economy.
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