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Don't we owe China more than we could ever repay. Printing it to pay off debts, without inflating the US dollar? I have some ocean front property in North Dakota for sale.
Are we indebt to China and all the others holding our debt?
There's an old saying. If you owe the bank $100, the bank owns you. If you owe the bank $100M, you own the bank.
World finance is the same deal. If we default, China goes under. We're still the only hard currency in town.
I think what you are seeing is an attempt to get oil to change from being backed by the dollar to another currency. this would cause a massive destabilization of the US economy. We will be faced with the $10-20/ gal oil prices.
I suggest you support the presidents push to get us off oil as our energy. To stay on a 19'th century technology will not be a good thing. We can have better and protect our economy.
is that what you suggest...LOL!!!! dude, you are all over this site cheering for him, you gettin' paid?
Don't we owe China more than we could ever repay. Printing it to pay off debts, without inflating the US dollar? I have some ocean front property in North Dakota for sale.
Are we indebt to China and all the others holding our debt?
I think what you are seeing is an attempt to get oil to change from being backed by the dollar to another currency. this would cause a massive destabilization of the US economy. We will be faced with the $10-20/ gal oil prices.
I suggest you support the presidents push to get us off oil as our energy. To stay on a 19'th century technology will not be a good thing. We can have better and protect our economy.
Yep. Now is the time for them to make the move to because Obama will do nothing to stop it. It is obvious he wants the US taken down a peg. Although he did take out old Momar but I don't think he had a say in that one. Hey if I were another country I would want to do the same. SDR's on the way.
That may be the starting point of having global bank. If their initiative works, there is a big possibility a number of countries around the world will join them in their effort to move forward with that plan.
I am actually surprised other countries haven't banded together already to create their own world bank. Most southern hemisphere countries get ignored by northern hemisphere countries.
There's an old saying. If you owe the bank $100, the bank owns you. If you owe the bank $100M, you own the bank.
World finance is the same deal. If we default, China goes under. We're still the only hard currency in town.
For the moment, we are still the only hard currency in town. Challenges are being made. When we owe dollars that are basically worthless, the bank will own us, regardless of the amount owed.
While our fearless leader is trying hard to cripple our domestic energy sources, it seems that the bakken reserve, and I've heard recently about another huge reserve just discovered in southern gulf states that supposedly could have us independent of any foreign sources for some time to come.......if allowed to be developed without undue govt intervention. If that was the case, five nations, or all the nations forming a new world bank with it's currency pegged to a barrel of oil wouldn't matter much.
Wonder why there is such opposition in this country for drilling, fracking, and developing new energy sources in general?
Good for them. Let them bail out all the third world countries they want.
Read the article - it's not about bailing out third world countries, it's about them being protected from the corrupt US banking system, our political system, and the Federal Reserve. They don't want to be at the mercy of western governments anymore.
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