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Iwonder

8,144 Posts.

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20/04/16

06:46

Post #: 17549428
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Originally posted by Skol ↑

What commodity is backing US debt?
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The strength of the USD and the power of the United States of America.

If you don't like it put your money elsewhere, it's quite simple, there's never been more options.

What does Warren Buffett say?
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For 240 years it's been a terrible mistake to bet against America, and now is no time to start. America's golden goose of commerce and innovation will continue to lay more and larger eggs. America's social security promises will be honored and perhaps made more generous. And, yes, America's kids will live far better than their parents did.

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Yes, I think China and Saudi Arabia are contemplating putting their money elsewhere.
2 Upvote

0 Great analysis

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