a reply to: guohua
The problem here is not the president you have, its the economic system which the dollar has been based upon since the gold standard went the way of
The idea of paying down this debt that America has, is utterly ludicrous. If that happened, do you know how many dollars would be in circulation?
None. Why do I say that you ask? Simple. There is, and always has been since the gold standard went bye bye, and money became paper, two dollars of
debt, for every dollar in circulation. That is just a straight up FACT, inescapable. No matter what happens, there will always be more debt than there
is money. And ever since the current system came in, the debt ceiling has always been raised, when ever it was deemed necessary. No government would
elect to refuse to increase the debt ceiling, not really. No one has the brass balls to actually allow the system to collapse.
Thats right folks, no matter how hard you got hit during the last round of economic savagery that hit the globe, none of you, not a single one of you
have had it nearly as rough as you would have, if that debt ceiling did not grow higher every SINGLE time the issue presented itself. And politicians
know that their entire careers would be dust if they ever allowed that ceiling to get reached, without getting raised. It would be a numerical
Now, those of you, and indeed us Brits as well, who live under a debt based economic model, may well have come to the correct conclusion about this
cluster copulation, and figured out that no matter how hard a total economic gridlock might be, it is still better to allow the system to implode than
to allow it to continue, because every nation operating this model is basically acting like a cancer. It can only grow, never safely shrink, it can
only become larger, and absorb more and more, and more again.
An unsecured, debt based economy is the WORST possible model for economics, and yet the most important currencies in the world as we know it, operate
on just that model. It is for that reason, and that reason alone, that global crashes are even possible.
So... For those of you concerned about this massive debt, and how Obama never paid it down, but inflated it, you guys need to chill out. The only way
the economy as it is now CAN survive, is for debt to rise, because without debt, oddly enough, no new money can be created. It seems bizarre, but it
is an artefact of the way currency is created in the modern world. What I am saying is, that unless the size of the debt continues to grow, the
economy itself will collapse, and it will END if it is ever paid off. Technically, it cannot ever be paid off, because those two dollars of debt, even
when the economy has ZERO money in it, will still be owed to a bank somewhere.