How out of control is the general publics/journalists/mainstream eco's view on the US debt? Check it out by visiting any website or turning on any tv.
The US can't run out of the currency that it alone can produce, it cannot be insolvent, and it does NOT borrow money like a household to finance spending. The debt ceiling is merely a self imposed restraint, it became redundant when the gold standard was abolished in the 70's.
Be a sheep or educate yourself.
http://moslereconomics.com/mandatory-readings/
- Forums
- ASX - General
- us debt talks - what a farce
How out of control is the general publics/journalists/mainstream...
-
- There are more pages in this discussion • 43 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)