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<blockquote data-quote="realbrown1" data-source="post: 1295514" data-attributes="member: 46221">We are the only country in the world that can print as money as we need with out any immediate major ramifications.&nbsp; Because the dollar is the world&#039;s currency.&nbsp; International trade is done in U.S. dollars.&nbsp; Been so since WWII.&nbsp; Before that it was the British Sterling that was the world&#039;s currency.When the world loses faith in our ability to pay our debts, or the payment of that debt is more than our annual GDP, they will switch to a different currency.&nbsp; My guess it will be China&#039;s, since they haven&#039;t been over spending like crazy for decades.It is also my guess that this will happen before 2025 unless major changes are made.&nbsp; We must spend less than we take in.&nbsp; We must become more business friendly (doesn&#039;t mean labor unfriendly) to survive.The clock is ticking and nobody is even addressing this problem in Washington DC.&nbsp; It&#039;s business as usual.</blockquote>

[QUOTE="realbrown1, post: 1295514, member: 46221"] We are the only country in the world that can print as money as we need with out any immediate major ramifications. Because the dollar is the world's currency. International trade is done in U.S. dollars. Been so since WWII. Before that it was the British Sterling that was the world's currency. When the world loses faith in our ability to pay our debts, or the payment of that debt is more than our annual GDP, they will switch to a different currency. My guess it will be China's, since they haven't been over spending like crazy for decades. It is also my guess that this will happen before 2025 unless major changes are made. We must spend less than we take in. We must become more business friendly (doesn't mean labor unfriendly) to survive. The clock is ticking and nobody is even addressing this problem in Washington DC. It's business as usual. [/QUOTE]

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