What do I know. I’m just a small town mom. But I do read the papers (nope, not the local variety. Too much ajinomoto). I heard the US stock market is not doing so well. And when they got a stomach ache, in Malaysia we feel queasy. Some companies are in so much trouble that the US government decided to give them some money (and lots of it too!) and bail them out of trouble. US got money, meh? I thought they have like tragazzillion amount of debt already. So how to get more money? Owh, they borrowlah from some people who still have trust in the government. Like many Economics and Finance professors are saying, the government is default free. Sure can pay one. But how you know? I knowlah. The government will never run out of money what.
The government cannot run out of money. Go into your wallet and take a look at what you've got in it. It's called Federal Reserve Notes. Those are under control of the Federal Reserve. Do you notice that they don't say they are backed by gold. They are not backed by silver. They don't have to have anything behind them except the full faith and confidence of the government. (http://marketplace.publicradio.org/display/web/2008/09/17/pm_fed_cash/)
As long as the government say its true, money will always have its value.
Yea, right.
The government cannot run out of money. Go into your wallet and take a look at what you've got in it. It's called Federal Reserve Notes. Those are under control of the Federal Reserve. Do you notice that they don't say they are backed by gold. They are not backed by silver. They don't have to have anything behind them except the full faith and confidence of the government. (http://marketplace.publicradio.org/display/web/2008/09/17/pm_fed_cash/)
As long as the government say its true, money will always have its value.
Yea, right.

Double Whammy: 50-Year Record on Sept. 22. $10 Trillion on Sept. 30, 2008.
(to be continued)












