A promenent busuness man told me!
Today I had lunch at a local Diner and there was a man Ive known most of my life told me that the US borrowed the money their giving to American tax payers from China. I thought he was just kidding but he was very serious. I dont think this could be true. Has anyone here heard anything like this? I know it cant be true!
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It doesn't really matter who it's borrowed from, sooner or later somebody's got to pay the piper.
http://www.brillig.com/debt_clock/
~9.3 Trillion dollars as of today.0 -
I heard they were just going to print more money 0 -
There is no such thing as a banking system short of reserves. The Fed has absolute control over the supply. ...In a world where the Fed can print money, there is no shortage. The banks get all the reserves they want.
[:D]0
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