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Prob. a stupid question... but ill ask it anyway... Where do we get all ..

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southernleftylady Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-30-05 08:40 AM
Original message
Prob. a stupid question... but ill ask it anyway... Where do we get all ..
this money from since we are in this HUGE defiect where are we getting the money from? china?
told yall its a stupid question but i truely dont know :shrug:
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fasttense Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-30-05 08:43 AM
Response to Original message
1. We borrow it from other countries
then pay the interest for the rest of our lives, our children's lives and our grand children's lives. That's why our dollar is plummeting and inflation is coming back.
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CindyDale Donating Member (941 posts) Send PM | Profile | Ignore Sun Jan-30-05 08:44 AM
Response to Original message
2. Good question
Are we just going to keep printing it?
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mordarlar Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-30-05 08:45 AM
Response to Original message
3. congratulations on your pregnancy. : )
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southernleftylady Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-30-05 08:47 AM
Response to Reply #3
4. Thank you :) nt
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ebayfool Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-30-05 09:00 AM
Response to Original message
5. Good ol' fashioned debt, large amounts of it are owned by China.
Edited on Sun Jan-30-05 09:02 AM by djmaddox1
Awww, congrats on the !
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southernleftylady Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-30-05 09:04 AM
Response to Reply #5
6. thanks yall :) im having my second little boy :) nt
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Peggy Day Donating Member (859 posts) Send PM | Profile | Ignore Sun Jan-30-05 09:12 AM
Response to Original message
7. what could happen if they wanted to collect now?nt
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Hollowkatt Donating Member (70 posts) Send PM | Profile | Ignore Sun Jan-30-05 09:31 AM
Response to Reply #7
8. We would be screwed :(
Theres a growing sentement that China will be dumping its dollar holdings in the near future, due to anecdotal evedence that they are selling large amounts of dollars and buying Euros with the funds so freed up.
They are also seriously concidering unteathering their currency from the dollar for the enevitable crash.
This is going to hurt, alot. Hang on to your hats people, this is gonna be bad :(
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lonestarnot Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-30-05 09:40 AM
Response to Reply #8
9. One world currency (Euro) US won't be able to buy or sell. Richies will
move to Europe.
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