begin_within
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Tue Sep-11-07 04:03 PM
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When will the national debt be required to be paid off? |
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And who will require it to be paid off?
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whistle
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Tue Sep-11-07 04:06 PM
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1. Never, it will be sold to hedge funds who in turn will forclose on the U.S. |
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....and then sell off the assets including residents who are the backers of the national debt
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Deja Q
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Tue Sep-11-07 04:06 PM
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no_hypocrisy
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Tue Sep-11-07 04:06 PM
Response to Original message |
3. Already taken care of. The printing presses are the U.S. Mint are |
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Edited on Tue Sep-11-07 04:07 PM by no_hypocrisy
rolling overtime as we speak.
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OwnedByFerrets
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Tue Sep-11-07 04:11 PM
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4. I suspect it will be used |
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as it is being used now.....to buy our infrastructure and turned into private business.
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tularetom
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Tue Sep-11-07 04:11 PM
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5. See that's the difference between the national debt and your debt |
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The government can just borrow more money to pay off old debt. They can pay off visa with master card and vice versa for fuckin ever. The rest of us couldn't get away with that. Maybe someday everybody will refuse to buy US government debt then the shit will hit the fan but that day is a long way off.
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Possumpoint
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Tue Sep-11-07 07:22 PM
Response to Reply #5 |
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The time when the dollar loses world respect is much closer then you think. It is right now at the lowest value against other world currencies in the past 15 years. There is evidence that some governments are dumping their dollar holdings in order to get a higher return.
Runaway inflation is the real possibility if our government doesn't wake up and correct its financial house of cards.
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killbotfactory
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Tue Sep-11-07 04:13 PM
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The rich don't believe debts need to be repaid, and they run the country.
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begin_within
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Tue Sep-11-07 06:57 PM
Response to Reply #6 |
10. If it never needs to be repaid, then why bother keeping track of it at all? |
Robbien
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Tue Sep-11-07 04:16 PM
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7. When oil stops trading in petrodollars |
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which is beginning to happen as we speak.
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kimmerspixelated
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Tue Sep-11-07 04:22 PM
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8. Apparently when the porkloins |
AllegroRondo
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Tue Sep-11-07 04:24 PM
Response to Original message |
9. When people refuse to keep buying treasury bills |
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Edited on Tue Sep-11-07 04:25 PM by AllegroRondo
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DU
AdBot (1000+ posts) |
Fri Apr 26th 2024, 12:35 PM
Response to Original message |