Is the USA technically Bankrupt?, page-11

  1. 18,172 Posts.
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    Seriously, did you failed in Reading and Comprehension skills at school???

    Here is what you asserted originally: "No. As you well know global debt is mostly denominated in USDs and the Fed can wave a wand to create new USDs"

    Here was my reply: "Wrong, the Global debt is denominated in many currencies. The USD being the main one - not the Only one."

    eek.pngrolleyes.png

    And your counter reply was this: "No you are wrong. Around 60% of global debt is denominated in USDs and I expect that a much higher proportion of the US National Debt is denominated in USDs."

    Now, what does it mean when I asserted "The USD being the main one - not the Only one?!?"


 
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