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Author Topic: It Is Now Mathematically Impossible To Pay Off The U.S. National Debt  (Read 3205 times)

Offline Steppenwolf

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Re: It Is Now Mathematically Impossible To Pay Off The U.S. National Debt
« Reply #20 on: April 12, 2011, 10:26:43 PM »
there are never enough dollars in any system to pay off all of the debt. If there was, there would be no need for work to be done. That goes for any currency... don't want people to move to Tibet or something...

The only way the economy keeps going is if the money keeps changing hands. This gives you the appearance that there "is" enough money to pay off all the debts. Now, if one particular person wants to save his money for retirement, thats not a problem either. Because your friends at the bank will gladly lend the money out to someone just in case someone is greedy enough to save.

« Last Edit: April 12, 2011, 10:47:14 PM by kerfufle »
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