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c4.carbon
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The National Debt Cannot Be Paid Off

- Keith Weiner - Monetary Metals

"world bids on U.S. Treasury bonds " with fiat , not with gold ,so the game is endles ?

Commented 3841 days ago

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Beginning of the headline :Government spending is out of control and, while most say they want spending cuts, people oppose cuts that impact them. Among those who get government money, there’s practically an unspoken, unbreakable pact to keep the money coming. But when I say that the national debt cannot be paid off, it’s not a political forecast; it’s a statement on the flawed nature of the dollar. Astute observers call the dollar a fiat currency. Fiat means force. It’s true that we’re forced to use the dollar (e.g. by t... Read More

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