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winston_blade
10-13-2007, 05:13 PM
RP said we are 2.6 trillion dollars into debt to other countries. Why would any question voluntarily loan us that much money? They don't possibly think they will be getting this money back do they?
foofighter20x
10-13-2007, 05:16 PM
Because T-Notes are a damned sound investment to them.

To date, the U.S. has never defaulted on a debt. It's our good credit rating is why...
rockfree33
10-13-2007, 05:17 PM
Because then we would be working for those countries in which we are in debt to.
terlinguatx
10-13-2007, 05:19 PM
...
me3
10-13-2007, 05:20 PM
Government debt is secured with collateral. Taxes of the citizens.
Pete
10-13-2007, 05:21 PM
Because T-Notes are a damned sound investment to them.

To date, the U.S. has never defaulted on a debt. It's our good credit rating is why...

Hell, yes, we'll print more money to pay them back. :D

Seriously, it is a problem that our money supply is ballooning. People who hold dollars and dollar-based loans are worried that the dollar will be worth less and less.

Discontinuing the Federal Reserve, or at least turning off the money machine, would be the best thing we could do for the dollar.
Green Mountain Boy
10-13-2007, 05:27 PM
Discontinuing the Federal Reserve, or at least turning off the money machine, would be the best thing we could do for the dollar.

Actually the biggest money machine is the U.S. consumer. When a consumer gets a mortgage to buy a house or a loan to buy a car or boat or a tv...new money is created. Of course this is made possible by the Federal Reserve System and fractional reserve banking. And of course all of this money is actually debt.