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<p>[QUOTE="medoraman, post: 1299692, member: 26302"]Do you have enough cash to pay all of your debts off immediately? What percent of Americans do? Not very many. This is why you are in debt, you do not have the cash.</p><p><br /></p><p>I simply do not see how this is pertinent. The US has been in debt for about 150 years or more now. Why do you think that suddenly the Fed should have to pay it off? I cannot name one western country except maybe Norway that the government has the liquid cash to pay its debts off today.</p><p><br /></p><p>The sad truth is that the Fed does need to pay its debts off, it has your house, my house, and the entire US asset base backing it up.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1299692, member: 26302"]Do you have enough cash to pay all of your debts off immediately? What percent of Americans do? Not very many. This is why you are in debt, you do not have the cash. I simply do not see how this is pertinent. The US has been in debt for about 150 years or more now. Why do you think that suddenly the Fed should have to pay it off? I cannot name one western country except maybe Norway that the government has the liquid cash to pay its debts off today. The sad truth is that the Fed does need to pay its debts off, it has your house, my house, and the entire US asset base backing it up. Chris[/QUOTE]
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