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<p>[QUOTE=&quot;Ethan, post: 1902570, member: 68800&quot;]I agree we are the largest by far, 17 Trillion vs China&#039;s 12 Trillion if you believe it. The problem is, we are spending about 1 trillion more than we bring in. With interest at 1.3% we can afford to pay it. When interest gets back to 5% we are in trouble. If you follow how the government raises monies, you will note that most of the Treasuries are now purchased by the Federal Reserve (a private bank by the way). The Fed&#039;s balance sheet is now over 4 trillion dollars. Why do they have to buy that debt? Cause there is not enough market via the Chinese, Japanese, UK or whomever so we write ourselves checks backed by the taxpayer&#039;s future payments and ability to pay thereof. Therein lies the issue, if we (Joe Q Public) did what the government is doing, we would go to jail. The dollar index is just below 80 now, when/if it drops to 75 all bets are off and we are in deep doodoo. True it can climb to 85 just as easy but mathematics gets involved soon and that doesn&#039;t lie.[/QUOTE]</p><p><br /></p>

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