To: elhombrelibre
Russia doesn’t own printing presses like the US?
We haven’t been able to meet our bills for decades. Why is this an issue for them and not us? Just continue the deficit spending.
8 posted on
03/06/2015 5:53:50 AM PST by
thackney
(life is fragile, handle with prayer)
To: thackney
We havent been able to meet our bills for decades. Why is this an issue for them and not us? Just continue the deficit spending. A blessing, which the congress rountinely abuses, becasue the US Dollar is the world's currency reserve and exchange.
To: thackney
Russia and the USA are different in quite a few way. One is GDP. Russia's was $2,057.3 trillion for 2014. The USA's was $17,416.25. Russia's population for the same year is 143 million. The USA's population for the same year is 318 million. Median income in the USA is $53K. Russia's 2014 avearge income per month was about $1,200.00 per month. Considering the drop of the ruble and the decline in their economy, that income will decline too.
See: http://www.themoscowtimes.com/business/article/salaries-in-moscow-rise-to-1200-per-month-as-wage-growth-slows/509472.html
15 posted on
03/06/2015 6:06:43 AM PST by
elhombrelibre
(Against Obama. Against Putin. Pro-freedom. Pro-US Constitution.)
To: thackney
We havent been able to meet our bills for decades. Why is this an issue for them and not us? Just continue the deficit spending. The unique status of the US dollar as the world's reserve currency is what allows the US government to greatly expand its monetary base without serious consequences. Other countries must hold US dollars to conduct trade.
26 posted on
03/06/2015 7:31:15 AM PST by
mac_truck
( Aide toi et dieu t aidera)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson