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Forum Post: Government borrowing

Posted 2 years ago on Dec. 4, 2012, 8:50 p.m. EST by Coyote88 (-24)
This content is user submitted and not an official statement

Read today that the Federal government borrows 3.3 billion a day. Do you really think this country can sustain this?

7 Comments

7 Comments


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[-] 2 points by highlander (-163) 2 years ago

there are those who think we can. and there are those who think there will be an unlimited supply to wealthy to milk. As long as that is the prevailing train of thought, then the country is toast.

[-] -1 points by ivyquinn (167) 2 years ago

Of course it can't. Which is why we need to work together to grow a barter/trade, BTC and green economy outside of the system.

[-] 3 points by highlander (-163) 2 years ago

I have heard of bartering chickens for a cup of sugar. you can perhaps barter raw materials for manufactured goods. How many head of cattle or dozen eggs will purchase an MRI machine or a nuclear generator?

[-] 0 points by ivyquinn (167) 2 years ago

B&T isn't a set hierarchy. So the ones making the trade can set the terms of the arrangement .

[-] 1 points by Coyote88 (-24) 2 years ago

But since your system isn't going to be put into effect then why does the government seem to think that this amount of debt is good?

[-] 1 points by ivyquinn (167) 2 years ago

Our economic system is/was designed to fail.

[-] 1 points by ivyquinn (167) 2 years ago

I'm not sure what you are asking here...there are plenty of economies self-sustaining themselves that are impenetrable to censorship.