|reply to TexasRebel |
Re: It's all about the..
Slow down Tex... You got some of it right, however the dollar is backed by our economy, productivity, and prosperity. This also translates to tangible assets.
Again, spoken like something taken from the Media, depending on who is spinning the story. Fact, the USA cannot run out of money. Fact, we do not borrow money from other nations like you would a bank. They invest in our Economy. Fact, the dollar is backed by your sweat and mine. The largest chunk of that 16 trillion is owed to.....wait.....wait......US as in the USA. Our economy is constrained by inflation, nothing more. What economic golden age are your refering to? We have been leveraging fiat currency since 1971.