Economic Lessons #1 - How can the US run such a huge debt?
Posted by FeelingAwake
on Thursday, 07 June 2012
in Sign Posts
FeelingAwake
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This is such an obvious question. Yet how many people on CNBC or MSNBC have ever answered it for you? You are left to assume that the US is such an incredibly efficient and hard working nation, that everyone trusts us to pay that debt off at some point in the future…. Right? Anyone? Bueller? (Ferris Beuhler’s Day Off reference for our non-US readers).
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Tags: Bretton Woods, Collapse, Debt, depression, economics, economy, Global Economy, Goverment, Oil, peak debt, peak oil, Saudi Arabia, Sign Posts, US, US Dollar
