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Originally posted by ShotGunRum
We don't even owe it. So who cares....
We pay money to private banks to get our own money from a quasi-private federal reserve.
That's made up debt, not real. It's all just paper anyway....... what a scam.
Originally posted by ausername
Originally posted by ShotGunRum
We don't even owe it. So who cares....
We pay money to private banks to get our own money from a quasi-private federal reserve.
That's made up debt, not real. It's all just paper anyway....... what a scam.
Except that a lot of that is public debt, and China owns some of it among many others. It is real to them.
Originally posted by HappyWarrior
LiveLeak Link
16 trillion and rising every second.edit on 7-12-2012 by HappyWarrior because: (no reason given)
Originally posted by jough626
reply to post by Nephalim
Except, this is something to worry about.
It's like a person taking on a morgage. Okay, a mortgage, 250k. You have a plan to pay for it, it will take a while, but there is revenue to pay, and a pace is set to make it work.
What wouldn't work, is taking a new mortgage every year, while your revenue is going down. Yet, that is what is happening. Except, if we bust, the bank is not going to repo the house.... No one really knows what could happen is the dollar crashed, but we all know it wouldn't be fun.
WW3? Soup lines with no soup? Civil war? I'd say all of the above.