tag:blogger.com,1999:blog-9159885928142195731.post6106087774423932802..comments2021-08-23T09:12:15.742-04:00Comments on The Po File: Is The "New World Order" and "One World Government" Finally Here??MasterPohttp://www.blogger.com/profile/07247333453805284751noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-9159885928142195731.post-44845962189355390822010-01-10T23:09:37.694-05:002010-01-10T23:09:37.694-05:00You can't squeeze blood from a stone. If a gov...You can't squeeze blood from a stone. If a government doesn't have the revenues (i.e. taxes paid by citizens) to cover the debt so the paper it prints becomes less and less valuable. Perhaps not default like you and I as in having zero money to pay it back. <br /><br />But when the value of the sovergeign currency is for all intents and puposes worthless then what does that make the debt issued by the same government?<br /><br />Another interesting twist I didn't include in the artcle:<br /><br />Considering the amount of debt already issued, what if the next time the U.S. goes shopping to borrow money from the Chinese (or anyone else) they <b>demand</b> some kind of collatoral as well? Imagine a "mortgage" on say Yellowstone park!MasterPohttps://www.blogger.com/profile/07247333453805284751noreply@blogger.comtag:blogger.com,1999:blog-9159885928142195731.post-74613595997563040062010-01-10T14:03:26.125-05:002010-01-10T14:03:26.125-05:00Governments never default on their debts - they ju...Governments never default on their debts - they just print more money. This creates its own host of problems, but I don't see an international receivership as one of them. An interesting idea, though.The Lost Goathttps://www.blogger.com/profile/00047062069421428331noreply@blogger.com