Post
Topic
Board Economics
Re: America's new debt ceiling - $19,600,000,000,000
by
tommorisonwebdesign
on 24/10/2015, 19:54:28 UTC
The debt of the United States is a direct result of that of the US federal reserve. The fed prints every new dollar and loans it to the US Treasury at interest. With that system in place, it is impossible for the US to pay off their debt, unless they abolish the fed.