Bill V
Well-Known Member
Some of these may surprise a few of you...
Biggest holders of U.S. debt
- Thread starter Bill V
- Start date
Help Support Ford SportTrac Forum:
Bill V.
Great post! Very interesting to note that we have all been led to believe that China was our biggest creditor, when it is actually our own Federal Reserve system? How can we be in debt to ourselves unless there is something bogus about our true net worth?
There has been a lot of talk that since Nixon took the US off the Gold Standard and shifted our economy to currency, that our entire financial system is a sham with no real way to assess our true wealth.
...Rich
Great post! Very interesting to note that we have all been led to believe that China was our biggest creditor, when it is actually our own Federal Reserve system? How can we be in debt to ourselves unless there is something bogus about our true net worth?
There has been a lot of talk that since Nixon took the US off the Gold Standard and shifted our economy to currency, that our entire financial system is a sham with no real way to assess our true wealth.
...Rich
EddieS'04
In Memoriam 1950-2022
Rich, How true that is. Kinda like germany during www2. At the end a wheel barrow full. Wouldnt buy a loaf of bread.
Just printing paper.:angry:
