The US Treasury hit its $14.29 trillion legal limit on borrowing


ricohflex

Senior Member
Feb 24, 2005
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#1
Nobody noticed this?
Yah, maybe local recent news more captivating.
 

melvin

Senior Member
Jun 4, 2005
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#2
Huh? thought they no limit?
 

raydio

Senior Member
Jun 25, 2009
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#4
Wish my credit card had this limit. Also wish I had the legal right to print money like they do!
 

melvin

Senior Member
Jun 4, 2005
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#5
I only wish for 0.01% of that amount enough
 

Irvine

Senior Member
Jan 1, 2010
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#7
hmmm.. i had always been wondering... from whom did they borrow this amount of money from? :think:

maybe it was stated in the papers somewhere in the past (online or newspapers etc) but i didnt seem to notice at all. anyone knows?
 

ricohflex

Senior Member
Feb 24, 2005
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#9
In Straits Times news paper front page today.

Bad news from US sparks market panic

http://www.straitstimes.com/BreakingNews/Money/Story/STIStory_675702.html

Told you it is not over.

Saving AIG may not be the best idea after all. Should have let it die from its own excesses.
http://www.channelnewsasia.com/stories/afp_world_business/view/381116/1/.html
Printing a Trillion dollars not backed by gold? Hmm.... (they left the gold standard in 1971 after Nixon stopped it)
 

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futsal123

New Member
Jul 15, 2008
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#10
hmmm.. i had always been wondering... from whom did they borrow this amount of money from? :think:

maybe it was stated in the papers somewhere in the past (online or newspapers etc) but i didnt seem to notice at all. anyone knows?
1 way will be issuing short term or long term bonds. Once maturity date is up, the government has an obligation to honour the payment to those who bought it.
Nowadays, the market instrument is getting very innovative yet sophiscated. There could be many more ways to borrow.
 

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