Quote:
Originally Posted by STEED
I see you guys are now in debt to $16 Trillion and rising, as for the Fed's QE3 that is not the way forward, the effect on the Dollar is weakening it. Too be honest the whole world is heading for melt down.
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Yeah I agree, And I think we have already passed the point of no return to fix the damn problem. Debt has the not just America, but the entire world by the balls.
I figure that either
a) Politicians are increadibly stupid because they think they can borrow and print cheap money forever as part of a sustainable model (when 8th grade maths says they cant)
b) they are incompetent because they cant see away to dig them selves out of this hole and they are afraid they will be punished by voters for trying.
c) They are increadibly smart and evil
, have no intention of paying it back and are just exploiting a free lunch (or ten) while they can - And when its hits the fan, they will use what military might they have to say "yeah? watcha gonna do about it?".
In truth its probably a combination of all three. But there is no way anyone can justify such outragous debt mountains.