|
Hmmmmmm.... Interesting. So, basically, what we call "debt" is partly money owed to ourselves, or money deposited by other nations earned in doing trade with us?
See, this is interesting, because one of my uncles, a banker by profession, once told me that the entire system runs on debt. And that a lack of debt can actually be worse than too much debt---On the international level. "Government debt is not like your credit card, it's an entirely different animal.", he said.
But, he did not elaborate. I think I'm getting a clearer picture, now.
Thanks.
Dave
__________________
"When the lie is so big and the fog so thick, the Republican trick can play out again....."-------Frank Zappa
|