To: mstar
what chance does a broke federal government have against a state with plenty of cash... The potential problem as I see it is the feral government OWNS the printing presses(more accurately the FED's electronic accounting entries, creating "Money For Nothing") so technically they can never be broke IMHO(others with more knowledge may want to contribute). The money may be worthless but what do they care. They can pay off their debts with what will essentially be the equivalent Monopoly money. The states on the other hand will be stuck with cash on hand that will be worth less with each passing day.
To: ForGod'sSake
The potential problem as I see it is the feral government OWNS the printing presses(more accurately the FED's electronic accounting entries, creating "Money For Nothing") so technically they can never be broke IMHO. The money may be worthless but what do they care
Initially yes. . . but don't you think this will eventually catch up with them esp as the productive citizens bolt for areas more business friendly. Of course this would leave the federal government in a situation similar to that of post WW1 Germany and the rise of their savior, Hitler.
others with more knowledge may want to contribute
absolutely
69 posted on
01/27/2011 2:08:09 PM PST by
mstar
(Immediate State Action)
To: ForGod'sSake; mstar
mstar, FGS is right...the critical component is the fact that the states don’t have their own printing presses.
No matter how much money, say, Texas has, it won’t matter in the long run. The fed printing presses will make that money more worthless every day.
71 posted on
01/27/2011 11:46:08 PM PST by
dixiechick2000
("First they ignore you, then they ridicule you, then they fight you, then you win." - Gandhi)
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