Reply to Do you think taxes will increase to pay for the nation's debt?

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Reply to "Do you think taxes will increase to pay for the nation's debt?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]OMG the fear mongering from you people. Yes we have debt, but it's not that big of a deal. We have and will continue to have the best economy. The dollar is the reserve currency. The IMF without the US will simply collapse. We are the most innovative country. We are the most lucrative market. We have a very high purchasing power.

No OP taxes will not need to rise because there is not going to be a debt crisis.[/quote]

LOL. This is exactly why other countries are pushing for currencies other than the dollar to be the reserve. It will happen sooner than you think.[/quote]

+1  Money is flowing into German Bundes, as Germany is perceived to have a more stable government.  Trump is making daily threats that hold a large share of America's debt, including the EU, China, Japan and Canada.  If they dump that debt, the cost of servicing that debt will skyrocket.

Be an ostrich all you want and stick your head in the sand, but many of those who follow financial markets note how much damage is being done to the American reputation of being a safe haven for assets, with the banana republic actions of this administration.[/quote]

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