Gwizz Posted June 4, 2009 Author Share Posted June 4, 2009 The chairman of the Federal Reserve says our US debt is going to ruin America.Strange, it seems like he helped create the debt. Perhaps he knows that since new moneyis continually being printed and the value of the dollar is starting to go into free fall, it is looking bad for usChina knows this, She holds a lot of American debt. China is now cashing it in for products or technology. Hummer is the newest example. Ship loads of equipment bought by China, that we have striped out of our industries ended up in China.I know of a 24 foot diameter rock tunnel boring machine that went to china. Later the whole factory went over.Boeing technology is in place in China. Even Micro Soft has dealings in China. China is buying Gold and Silver along with other metals and the mines. I'm Just guessing here----So, if printing more money is not the answer; Then doubling taxes is a start. But, we have too many people living off of taxes to make it work They need more people to pay taxes. Opening up the borders is helping; but, even more people are needed. They may have to stop abortions and grow more tax payers. ::) :O :-\ Quote Link to comment Share on other sites More sharing options...
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