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Old 01-06-2011, 12:52 PM   #55 (permalink)
endurance
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Quote:
Originally Posted by robchalmers View Post
Aren't China subsidising your government .... and most of the resst of the world's governments making THEM the money handlers???
You got it all wrong. China buys our debt to fund our government, but then the Federal Reserve just makes more money to pay them back so we don't have to pay taxes. Sure, it devalues every dollar in circulation, but we call that inflation, not taxes, so it makes us feel better.
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