Originally posted by SeitseActually it means they will inflate the money supply to the point where money cannot buy as much as before.
It means the grand, grand kids of the youngest U.S. users of this website will be paying a debt until they die of old age.
How much of this deficit will be borrowed and how much will be printed?
Originally posted by Seitsehow did this thing happen, i thought you guys were minted? you got bigger cars, bigger homes, more resources?
It means the grand, grand kids of the youngest U.S. users of this website will be paying a debt until they die of old age.
http://en.wikipedia.org/wiki/National_debt
Originally posted by robbie carrobieI am not an American, dude.
how did this thing happen, i thought you guys were minted? you got bigger cars, bigger homes, more resources?
I am a proud member of the low indebted, progressive, and socially healthy Northern Europe, the quintessential social democratic region of the world.
Originally posted by robbie carrobieWe have all that crap. It's just that our government spends more than it brings in. I could make $200k per year and spend $250k per year. I'd be rich, but in debt. Heck, if I could print money like Uncle Barry and co., I might do the same thing.
how did this thing happen, i thought you guys were minted? you got bigger cars, bigger homes, more resources?
Originally posted by techsouthWhich is translated into the grand, grand kids of the U.S. users of this site paying for this debt.
Actually it means they will inflate the money supply to the point where money cannot buy as much as before.
How much of this deficit will be borrowed and how much will be printed?
The fact that they won't walk into a bank and pay an IOU doesn't mean they're not paying for the debt.
Originally posted by Seitseyou're Swedish, you got the biggest gold reserves in Europe, plus you never spent any of it in the second world war, but above all else you have Likke li 🙂
I am not an American, dude.
I am a proud member of the low indebted, progressive, and socially healthy Northern Europe, the quintessential social democratic region of the world.
Originally posted by robbie carrobieNot Swedish, man, also not a Norwegian. I am a Finn.
you're Swedish, you got the biggest gold reserves in Europe, plus you never spent any of it in the second world war, but above all else you have Likke li 🙂
We have nothing but our modest way of living, lots of wood, Nokia, and honest hard work 🙂
Originally posted by SeitseWhen they inflate the currency, it is us that is paying, and we're paying in the near term. Actually, it is those of us with cash equivalents that are paying in loss of buying power. Those who have their wealth in real property don't really lose out by inflation.
Which is translated into the grand, grand kids of the U.S. users of this site paying for this debt.
The fact that they won't walk into a bank and pay an IOU doesn't mean they're not paying for the debt.
The part of the deficit that is borrowed is paid by our kids, grandkids, etc.
Originally posted by sh76this might seem a very naive question, in fact i hesitate to ask it, but ummm where did all your roubles go?
We have all that crap. It's just that our government spends more than it brings in. I could make $200k per year and spend $250k per year. I'd be rich, but in debt. Heck, if I could print money like Uncle Barry and co., I might do the same thing.
Originally posted by techsouthExactly. I stand corrected.
When they inflate the currency, it is us that is paying, and we're paying in the near term. Actually, it is those of us with cash equivalents that are paying in loss of buying power. Those who have their wealth in real property don't really lose out by inflation.
The part of the deficit that is borrowed is paid by our kids, grandkids, etc.
Originally posted by Seitsei heard that dude that owns nokia got one of the largest parking fines ever, because it is apparently taken as a percentage of your earnings! plus you had one of the most prolific, if not the most prolific snipers of all time! Simo Häyhä
Not Swedish, man, also not a Norwegian. I am a Finn.
We have nothing but our modest way of living, lots of wood, Nokia, and honest hard work 🙂