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by azzleandre
5958 days ago
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I don't even know why this site is promoted here? HN, this is how you lose your readers. You see, the truth is that the U.S. government now owes more dollars than actually exist. If the U.S. government went out today and took every single penny from every single American bank, business and taxpayer, they still would not be able to pay off the national debt. And if they did that, obviously American society would stop functioning because nobody would have any money to buy or sell anything. The last sentence makes me laugh and stopped me from reading any further. The only thing thats obvious here is that the author hasn't any clue about economics. It's not good to have debt above 100% of GDP, sure. It means that working that debt off takes more than 100% of GDP. So it takes more time or/and more effort to get rid of it. That article is bs. The purpose of this article should be clear by looking at the pages it links to: Emergency Food, Home Security, Alternative 'more secure' investments... come on HN! #2 on the front page? really??? |
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