Quote:
Originally Posted by George O Well
if the Congress said: "There will be no more debt created by borrowing cash from foreign countries."
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You really don't understand basic global economy - do you?
The WHOLE
world economy is based on the shuffle of money ...
in simple terms and in a generic look at it - this is what is happening:
#1 loans money to #2 who loans money to #3 who pays back #4 who in return pays back #1
it's sort of like people deposit money into a bank who loans money to another person who buys a rental to let others live in a home to generate money so they can pay back the bank ...
... what you are asking is about the same as saying
... what if the government stops banks from issuing credit cards that poorer people use to buy gas to get to work ...
... and this is the type of logic that is allowed to effect a vote on REAL issue's ...
SCARY ....
Very Scary!