[–] bush2016nazi [S] ago
Your asking the wrong question, the right question when will USA have to pay $1 Trillion a year on interest payments, which equal to how much they soak from public. Answer is 2020, and this is if USA hegemony win's, it will not, the shit will come down much sooner.
[–] bush2016nazi [S] ago
Read "Primer on Money" from 1960's US GOV Congress if you want to understand what is money in USA.
[–] Firebrigade ago
Give me the TLDR. I think I know how money works. You seem to think there is "free money" and "real money".
[–] bush2016nazi [S] 0 points 1 point 1 point (+1|-0) ago (edited ago)
Read the book "primer on money", then come back and talk with me. I moved this thread to the top, so it doens't get buried by the trolls with downvotes
http://www.cfr.org/financial-crises/dangerous-us-government-debt/p22408
CFR seems to think the USA is on the brink of collapse, but who are they?
How about this rather than talking about toilet paper money backed by a gun or nuke, allow me to tell you about real money backed by gold. USA money is rated bbb
Only two currency on earth are AAA, they be backed by solid gold they be CHF, and SGD
Now that be money,
The world is not for much longer going to trade in USD toilet paper, then how will USA repay its debt with faux money? It will not.
[–] bush2016nazi [S] ago
Read the Book learn about 'what is money'
A Primer on Money, Wright Patman, US Congress 1962
http://www.devvy.com/pdf/2006_October/Patman_Primer_on_Money.pdf
FYI this guy Wright was the intellectual father of Ron Paul, he's the one who taught ron paul the secrets of the Federal Reserve Bank
What is money, its anything that people are willing to trade with, human hairs, shells, or scraps of paper.