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Originally Posted by arock10
And why is this? The gold standard is fucking retarded btw
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Do I need to give you the full history of the Federal Reserve or what?
Quote:
Originally Posted by Relentless
The point... Is that no matter what you think the long term solution may be, the short term fact is that the US can not default on its debt under any circumstances without horrifically catastrophic results. Anyone (whether they call them self tea-party, libertarian, conservative, liberal, unicorn or otherwise), who says defaulting on our existing national debt is in any way a rational option, is either just fucking with you, or fails to understand basic economics at the most fundamental level. Even 'threatening' to default has serious consequences, and the idiots in Congress or the media who are doing that presently should stop immediately.
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King Obama is the one who rejected a short-term deal because we all know deep down he wants free reign to do as he pleases.