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04-22-2010, 09:47 PM
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#1 |
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Doctor Wtf
Join Date: Oct 2007
Location: Badelaide, Baustralia
Posts: 12,861
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I find it remarkable that 2/3rds of US currency is held outside the USA. We all know why, but that is probably unique in the world today.
And it makes the US deficit and debt problems (nearly) everybody's problems. What if the US decides - or is forced - to devalue the dollar to pay off debt. Watch the Saudis and Chinese wail as their big piles of US$ halve in value.
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Shut up and hug. MoreThanPretty, Nov 5, 2008. Just because I'm nominally polite, does not make me a pussy. Sundae Girl. |
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04-22-2010, 10:15 PM
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#2 |
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The future is unwritten
Join Date: Oct 2002
Posts: 71,105
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Many of the Benjamins are in Mexico and South America.
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The descent of man ~ Nixon, Friedman, Reagan, Trump. |
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04-23-2010, 01:57 PM
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#3 | |
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Soli Deo Gloria!
Join Date: Aug 2007
Posts: 7
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Quote:
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The generation of random numbers is too important to be left to chance. |
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04-23-2010, 06:17 PM
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#4 | |
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still says videotape
Join Date: Feb 2001
Posts: 26,813
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Quote:
Rather go to bed with out dinner than to rise in debt. When the people find they can vote themselves money, that will herald the end of the republic.
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If you would only recognize that life is hard, things would be so much easier for you. - Louis D. Brandeis |
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