Quote:
Originally Posted by Femjoy Michael
Faith in a currency is lost when the government doesn't pay its debts.
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What happened with the British sterling when it was the world currency? What is the world currently trying to make as the new world currency as the value of the dollar continues to collapse? Printing more money is essentially cooking the books to make it look like the economy is doing better.
Not sure how an ever increasing debt counts as paying ones debt. If I add $50k in debt a year to my personal finances and only pay back $10k a year. The gov doesn't see that as paying my debt. But I guess the government is above the law.