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REPORT ABUSIVE REPLY
Message Subject How can Liberals Balance the Budget?
Poster Handle Anonymous Coward
Post Content
Seeing as money is not real, but just imaginary numbers on balance sheets, all you have to do is reset the equation every few years by resetting all debt back to zero.
 Quoting: Anonymous Coward 1246677


I understand that all the money are just numbers without any real value, its all belief. And of course it would be an option to reboot the system by setting back the debt to zero.

This option has got a critical thing:
Everybody who bought US Bonds or has got savings in US Dollar will loose his money! Just imagine what happens with your Pension funds! The Banking System will be lost. All the world central Banks have got huge Dollar reserves, the other western currencies will fall with the Dollar.

Another Point is that the world would selling anything to the US if you pay in Dollar. No more Oil for the US....

The Consequences of this would be so dramatic for the US....
 
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