View Single Post
Old 08-23-2009, 02:48 PM  
DonovanTrent
Confirmed User
 
DonovanTrent's Avatar
 
Join Date: Dec 2006
Location: Las Vegas, NV
Posts: 968
Quote:
Originally Posted by nation-x View Post
You do realize that we don't actually take "loans" from anyone, right? It's not like the govt asks the chinese" Hey... you got any cheese, bro? I gotsa get sum new shoos!".

What actually happens is that they issue Treasury securities that get traded on the secondary market. Even though the US Treasury has issued alot of securities... maybe you should educate yourself as to what exactly they are and what economic principles make them a sure bet for the Federal Reserve.
Yeah, but "we get loans from the Chinese" fires people up better.
__________________
Donovan Trent
DonovanTrent is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote