Great Lakes 4x4. The largest offroad forum in the Midwest - View Single Post - China & Russia Renounce the US Dollar
View Single Post
Old November 25th, 2010, 07:40 PM   #9
Chiefwoohaw
Pokerob is my B*tch!
 
Chiefwoohaw's Avatar
 
Join Date: 11-06-05
Location: Cincinnati, OH
Posts: 11,507
iTrader: (7)
Mentioned: 0 Post(s)
Default

What the US population doesn't understand is the our $ is pretty much worthless. China floats are ass everytime we issue new TBills so as soon as they stop buying and the Gov Bounces we are truly screwed since we have nothing to back up our currency. There were quite a few midnight oil burning sessions during the Clinton years were Congress had to OK printing money to pay our interest on the securities.

Then the Gov bitching at China for devaluing the $ and the Fed actually decides to do it by printing $600bill of funny money to buy back securities is just laughable.



Leaving the Gold standard for the Lose! FU Nixon!!
Chiefwoohaw is offline   Reply With Quote
 
Page generated in 0.80999 seconds with 20 queries