Foreigners!!!!!! you just cannot trust them

Never fear, citizen. We know what is best for you and will govern the use of your current and future tax liability. Pay no attention to that debt behind the curtain, that $5 million of accounts payable we have cumulatively assigned to every man, woman, boy and girl in the USA... except undocumented workers, of course... we wouldn't want to be uncaring.

What? You only see $1 million for each person? Again, relax citizen, interest on top of interest over your lifetime will fill the gap. See? We have it all worked out. Never fear.

Now get to work and pay your taxes or you go to jail. Pay no attention to the tax-raising Muslim running for President. Nothing to see here...

 

Get back to iraq!!

 

Do you think the Kipling's "Great Game" is about to involve iranians and israelis more intimately?

They have always been the best of enemies and they need each other to stay that way. The rest of the Muslim world hates Iran almost as much as they hate Israel and US.

I can not imagine anything more serious than an expensive firework show to come out of Iran-Israel disagreements.

 

You're off base.

1) Most US debt is held domestically.

2) US holds a lot of foreign debt as well. It is one of the largest financiers of the rest of the world.

3) China is still interlocked with US, but is trying to break the tie. They will be crashed before they do so, at any cost.

 

How would you get your money if I owed you billions or trillions?

 

This is a rather sophomoric argument and view point. The money is an illusion, which does not exist - it's even more illusionary now, after abandoning the Bretton Woods system. It has always been an issue of power and power alone, money always sought power and without power money tends to decline in value rather rapidly and not even over multiple generations. The real issue is: who's got the power over the world's affairs - a very simple answer to that question also answers all other questions the Econ majors are writing their worthless papers about.

 

You are correct,sir. Very glad to see there are more people who know whats happening.

 

Nobody has the right to insist that others lend you money.

Its no a matter of trust at all.

 

I agree. That's why it's silly for people to complain about "how much money we spend on our military", which is actaully very reasonable at 4.5 of GDP. If we weren't here to defend our interests (and our friends interest), there would be a long line of bad men trying to take everything that we have.