To: sickoflibs
Eventually you monetize the debt...and soon foreigners want your debt issued in their money (like Argentina) and then you collapse economically and politically...
5 posted on
01/08/2009 7:39:52 PM PST by
2banana
(My common ground with terrorists - they want to die for islam and we want to kill them)
To: 2banana
RE : Eventually you monetize the debt..:
What if Obama declared a financial crisis and suspended americans from selling dollars, and buying gold, like FDR? It’s an interesting possibility, not now, but when things get real bad,
6 posted on
01/08/2009 7:54:58 PM PST by
sickoflibs
(GWB : "Give me a 700B blank check to save the UAW until Obama takes office")
To: 2banana
consumers are VITAL for the world economy.......we are the biggest consumers....we've kept the gravy train going for a long time in China and India etc....
they NEED us as much as we NEED them....
19 posted on
01/09/2009 2:38:18 AM PST by
cherry
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson