Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
The Competition
FedEx Discussions
You Sorry Bastards
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="vantexan" data-source="post: 1373721" data-attributes="member: 24302"><p>And they were where the money was under Bush but we didn't have trillion dollar deficits then, not by a long shot, and Bush spent plenty. Why can't you understand that we count on foreign governments to buy our treasury bonds to pay for these programs(which don't even include Social Security, which is paid for by payroll taxes and only recently started running a deficit)? Those BRIC nations(Brazil, Russia, India, China, and South Africa)are concerned that the bonds they buy are being repaid with inflated dollars thus losing them money on their investment. They are talking, real meetings, not some rumor, about using a basket of currencies rather than the Dollar for their reserve banking needs. If the Dollar stops being used as the world's reserve currency we are in serious financial trouble. And if we continue to print money and inflate the currency, it becomes a very likely scenario. Instead of just passing it off as FOX News hysteria look into it.</p></blockquote><p></p>
[QUOTE="vantexan, post: 1373721, member: 24302"] And they were where the money was under Bush but we didn't have trillion dollar deficits then, not by a long shot, and Bush spent plenty. Why can't you understand that we count on foreign governments to buy our treasury bonds to pay for these programs(which don't even include Social Security, which is paid for by payroll taxes and only recently started running a deficit)? Those BRIC nations(Brazil, Russia, India, China, and South Africa)are concerned that the bonds they buy are being repaid with inflated dollars thus losing them money on their investment. They are talking, real meetings, not some rumor, about using a basket of currencies rather than the Dollar for their reserve banking needs. If the Dollar stops being used as the world's reserve currency we are in serious financial trouble. And if we continue to print money and inflate the currency, it becomes a very likely scenario. Instead of just passing it off as FOX News hysteria look into it. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
The Competition
FedEx Discussions
You Sorry Bastards
Top