I can't believe what's going on. We spend $10B/day for the war, bailout the biggest players to the tune of hundreds of billions, billions more for huricane relief, shrinking revenues. Nothing making sense. The checkbook has to be near overdrawn if not already.
Well, here's how its all done. Like Niger where a loaf of bread costs $100 Billions of there dollars we'll just pay it all back with inflated dollars. At 1000% per day inflation all 8 Trillions of US debt will work out to be zero in real costs in about 2 or 3 weeks or less. Of course all assets in the US will also be worth zero as well.
The taxpayers and fee and duty payers,etc are responsible unless The government sells some of its assets ,land, National parks, mineral rights,spare inventory,etc which taxpayers and non tax paying citizens own anyway.
yeah ok. sure buddy.
I swear to God.. how long will the rest of the world allow our country to operate? The entire system continues based on the fact that we are big consumers therefore the world has an interest letting us borrow more and more money!
actually not. they have printers elsewhere. They are called mints.
Also, they actually do not have to print the money today. They can reduce taxes so they have less money and then sell lit-tiny pieces of paper to the rest of the world which is scared shitless to buy bonds from our companies, so the yields on these papers go down, the price goes up, then they inflate the hell out of the currncey before they pay it back so that they are not paying it all back.
Yeh, you are right. From us. We now cannot afford to vacation anywhere but Six Flags.
Pretty soon we will see tour busses of Chinese and sheeted ARabs peering at us like we are villagers, like the surviviors of some past empire, as the busses drive by.
And they will learn to say things like, "Extra catsup, please."
great question. Where does it all come from? Lots of it is taxpayer money. Lots of it is loaned from the federal reserve maybe? Aren't we paying like $2,300/person/year just to pay the interest on the money we owe the federal reserve?
I guess they could be printing this money and killing our dollar? I don't know, but it's a good question. Here's another good question:
Will the money ever run out? How many more of his cronies can Paulson bail out?