If America's money train ran out?

Hello ATS,

I have been doing more and more research on the US economy and ask myself sometimes weather or not what would happen if Oil began trading in euros?

What would go on with the Central Banks, or happen?

Would the Federal Reserve, finally go under?

Would America lose their "unlimited credit card?"

As I go on and on reading more and more, I begin to realise that the Federal Reserve are nothing but a bunch of crooks!!!

I also feel this war in Iraq and the possibility that we might go to war with Iran, all comes down to keeping the "Oil trading in US dollars".

I would like to hear some feedback on this

Please realize that the US does not have "unlimited credit" because of oil, it has sustainable credit because of good financial and monetary practices...guh.

Originally posted by True_Confederate
Please realize that the US does not have "unlimited credit" because of oil, it has sustainable credit because of good financial and monetary practices...guh. [/quote-----------------------------------
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[edit on 1/10/07 by masqua]

[edit on 1-10-2007 by Prometheus3]

[edit on 1-10-2007 by Prometheus3]

[edit on 1-10-2007 by Prometheus3]

I would've thought there would be a little bit more of a discussion to this topic!

[edit on 1-10-2007 by Prometheus3]

I just don't have the stamina to debate this, suffice to say there are thousands of pages written on the subject of "debt sustainability".

I suggest you look up debt sustainability and research for yourself just how solid the US finances are. Granted we can better our financial position by not taking out more debt, but the debt currently is more than sustainable.

A sustainable debt would be your...mortgage for instance. If you still have a good job.

Only the US is not likely to lose its job (the GDP) any time soon.