Re: USA scammed the world
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- borrow tons of money from foreigners, issueing bonds
- amount of money is now really big, so tough to repay the debt
-> make dollar lose value rapidly
-> debts to repay are worth nothing if expressed in goods
-> debts worthless
- successfully lived on the cost of others for years
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Yes, it's all true. Here in the U.S. we have a word for those borrowing countries: suckers.
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