posted on Oct, 14 2008 @ 05:54 PM
Originally posted by TheHunted
Eventually will there be a time when our government can no longer borrow money on credit from other countries? Everything comes to an end, my
prediction is that a day wil come when lending money to the U.S will be a liability just like I am one to creditors .
yes eventually there may be that time, and if your creditors were scared you could bomb them to oblivion (or manufacture a reason) that get's people
to back your bombing them you would have seen tons more credit offered to you, even though they know you can't pay it all back.
No gov't has every paid off it's entire debt in full and i don't think the U.S would even if it could.
The bigger question is to wonder why the U.S is in DEBT at all when they can't print there own money instead of borrowing it from "the fed" and
then pay interest on it. How is that for a scam that the general population does Not understand.
it's worth typing again..........constitutionaly the U.S can (and had been) coining it's own money and devaluing it all that all it wants. but
instead the Actual Gov't BORROWS money and pays interest on it! how's that for a scam? , and that part of finance many high schools seem to leave
out.......gee......what a shock
the global financial "elite" have there tentacles around every soverign gov'ts neck and every year they seem to get a bit more leverage on these
govt's. Every year the financial system bribes more and more congressman and the private financial sector places more and more ex-ceo's in postions
of gov't regulatory positions. Take hank paulson for example, then they (private secotor capitalist) also take positions as presidential advisors.
and the back scratching and fox's guarding the henhouse only grows every administration
forget dem's vs. repub's
it wall street ("establishment party") vs. the few american politicians (on the right or left who still do there job and represent the
people need to realize both party's (who's members make up the wall street party) are responsible for the financial chaos we are in now (if they
and this last world Bailout agreement was akin to the govt's taking the noose from around the banks neck's and smiling and putting it around there
necks and when house prices fall even more and they can't meet the tremendous insurance costs for the financial system (that they insured) the noose
will get tight and the world financial system will have unsurped the power from soverign nations/govt's as they become over whelmed with debt and
either collapse there currency's or default.
and people will still be arguing very emphatically how the dems are great and the repubs screwed it up or the republican's are the best and the dems
are at fault......it would be more funny if this futile arguing wasn't wasn't true even among the most "wealthy" and "intelligent" people.
[edit on 14-10-2008 by cpdaman]