Originally Posted by TheDoc

That is backwards trade debt, and I wish we would stop it. It also includes Corps and Gov Debt.

Simply put, we sell them a sheet of metal for $5, they make 1000 medical knives and we buy them back for 5 cents each. We take a loss. The Gov tries to make up the money by selling all types of this crap. When it can't over and over and over again, we get a 1.5t debt.

Then again, our Gov uses the American people, our tax, our lands, ect as collateral. Kinda f'ed to think, we owe these people 1.5 trillion of our own hard earned money, after we buy all that trash from them in the first place...