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November 2nd, 2004, 01:49 PM
#12
That was the link I wanted to put down (was doing far too much marking yesterday). It is interesting facts but the question still remains, at what point would the US declare bankruptcy? We all know that if we had a debt of $25K each, no bank would give us more or approve us for a lot of things without a co-signer. So either the US has a silent partner (Saudi Arabia? Israel?) or it's pretty vasts amounts of money it doesn't really have. (Wasn't that one of the reasons for the 1930s Depression era? Rampant inflation and lack of faith in the monetary system in a variety of places?)
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