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Unregistered
Join Date: Aug 2000
Location: a wretched hive of scum and villainy
Posts: 55,652
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Hey, lets print a whole bunch of money, which will make the money worth less and less, which will make our national debt effectively lower because the $17 trillion we owe will only be worth billions!
Ever wonder why they have to raise the debt limit two or three times a year lately?
'Cause the act of devaluing the debt creates more of it. Kind of a stupid game to play iffn you ask me.
other things get effected too, like stocks.
If the value of a dollar goes down, it takes more dollars to buy a share of stock even though the value of the stock doesn't change.
Same with crude oil, which is why we're paying $106/bbl for oil that's worth $75.
Don't want to talk about savings accounts or 401ks ..........
Last edited by sammyg2; 09-19-2013 at 06:54 AM..
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