Quote:
Originally Posted by nation-x
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.
|
Another ultra lib trying to sound smart. It's a matter of speech and one used in all corners of the media to put things in terms that most people can understand.
I am aware of how the system works. Do you really believe the words coming out of your mouth. There are no sure bets. Not without artificial manipulation in some cases. Economic principles are one thing economic reality is completely different. I'm sure you've impressed some of the people on this board still living with mom and dad with your teaser. Why don't you educate me...