So does this means in reality that US can spend as much as it likes without actually having that money ?
simply yes. ...................
End of story.

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So does this means in reality that US can spend as much as it likes without actually having that money ?
simply yes. ...................

Will be glad to do so (if i could) cuz i am just a student of economics, but i will try my best to see if i could add some value.
simply yes. Its based on a fraud. If arabs stopped accepting it for oil america would collapse. Or if china dumped its holdings.
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Got change?
...........
Got change?
^^^^ so america is dependend on oil producers. oh and if the chinese started dumping dollars
Both good points, but please consider this too:
Oil producers need investment and markets for their product too; and similarly, China will not harm its biggest markets.
Such is the interdependence of the today's global economies.
Thank you for accepting that america is not all powerful which is the point i have been making. They are not masters of the universe and their fate is now in the hands of others
Nobody is all powerful except Allah.
Other than that, my point about interlocking economic interests still stands.
far from allah I would not even dare to make the comparison. But what I meant was that 10 years ago americas fate was in its own hands with regards to the US dollar. now for example at cost to themselves no doubt china is in a position to decimate US position whilst causing itself less harm
China is in no such position, and will not be for quite a while yet. US control of its currency is still robust.
we have allready agreed its coming to an end, my position is consistent, you on the other hand aree suggesting any time between 30 and now 1 year lol nite

Not at all; I will wait to see if you admit your erroneous position in 1 year's time here, that is all I said.![]()
cheng mate you are a mr bongi the reason that people get upset when talking to you is simply because you are dishonest
..........................
Yet here you are trying in a sly way to commit me to what I have never inferred. that shows that you rely on slight of hand rather logic or study. a not so good trait to have but then thats the american way that we have come to expect from you,

I have no issues with waiting to see events prove you wrong regarding the dollar and US dominance. Yes, I remain confident in my positions for good reason.
On the other hand, all you resort to is childish name calling.
I rest my case!![]()