Quote:
Originally posted by KRL
The asset base of the entire United States however is estimated at over $35 Trillion so our debt as a ratio of our assets is still within normal credit ratio's.
You have to understand also. The US debt is one of the techniques we use to get our money back from our imbalanced import / export ratio overseas.
Countries we have trade deficits with or that gouge us on stuff like oil, end up parking their profits back here in US Treasuries, mortgage pools, and public and corporate debt notes.
The whole financial system worldwide is one gargantuan ponzi scheme and shell game. Money is paper with zero intrinsict value. Electronic money isn't even paper.
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I can tell you are pretty informed about money. You should watch a DVD call "Money Masters How International Bankers Control America"