| What Would Happen To Debt If Currency Collapsed? |
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suraja
Contributing Member
Cash: $ 7.45
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Joined: 22 Feb 2009
Location: Suraja.com
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Ok, at this point you might say, "19 TRILLION DOLLARS of debt? No way, it could never happen." I would hope it wouldn't. But if you told me 10 years ago that we would even be talking about trillions of dollars of debt today, I would have said "No way, our government would never be that irresponsible". Yet, here we are. And our government has been taking debt "off budget", and borrowing from Peter to pay Paul. If they think it's ok to run debt up another 1 trillion, or 3 trillion... once you say it's alright to go down that road, then where does it stop? How much is too much?
Loan Consolidation with Forex Tutorial Video and Student Financial
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Sun Apr 05, 2009 5:03 am |
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andy_12795
New Member
Cash: $ 1.05
Posts: 5
Joined: 15 Mar 2009
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quote:
Originally posted by sirmikey1
More probable is a global ID card with global currency
(magnetic strip), and global income tax.
A scary thought!!! Let's hope not.
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Sun Apr 05, 2009 11:08 am |
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Greg Orlando
Full Member
Cash: $ 12.50
Posts: 60
Joined: 07 May 2009
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If it is really true, pray not to be than people like us will be in great danger. Decreasing the value means more money will be needed in future to do something.
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Mon May 25, 2009 7:17 pm |
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