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Keep printing and borrowing. It doesn't matter. We have the worlds reserve currency.
Keep the free stuff coming, baby.
Reserve currency status lasts as long as other countries CHOOSE to deal in dollars. Other countries choose currency based on its value. What we are telling others with our actions of printing money and running up debt - is that the dollars ain't worth crap.
They will leave the dollar soon enough. Maybe you want that to happen...
Reserve currency status lasts as long as other countries CHOOSE to deal in dollars. Other countries choose currency based on its value. What we are telling others with our actions of printing money and running up debt - is that the dollars ain't worth crap.
They will leave the dollar soon enough. Maybe you want that to happen...
Their is no alternative to the US Dollar as the Worlds Reserve Currency. We will intimidate and eventually bomb anybody who tries to sell their oil for anything but US Dollars. We are here to stay.
Reserve currency status lasts as long as other countries CHOOSE to deal in dollars. Other countries choose currency based on its value. What we are telling others with our actions of printing money and running up debt - is that the dollars ain't worth crap.
They will leave the dollar soon enough. Maybe you want that to happen...
If you are referring to QE, the US doesn't operate in a vacuum. China, Japan, England, and the Eurozone are all increasing their money supplies.
Contrary to popular belief, US debt burden is decreasing, China does NOT own the US (only holds ~8% of outstanding debt, Americans own the most), the US has pretty much always had debt throughout our existence, and fourth, debt politics has existed since the days of Washington. Guess what, America has always had debt and we're still here. It's a fallacious to equate a country's finances to personal finances where debt can be more burdensome.
Their is no alternative to the US Dollar as the Worlds Reserve Currency. We will intimidate and eventually bomb anybody who tries to sell their oil for anything but US Dollars. We are here to stay.
Me to Obama: So how about taking some of the freshly printed $$ and buying me a nice one family home with a new car and the best health insurance as well as give the rest in this forum who want something(s), after all it won't add to the debt.
I will continue to say this, until I see tea party congressman and tea party voters willing to cut **** that they like (medicare, social security, farm subsidies), I don't want hear from any republicans complain about our debt.
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