How come US can borrow as much money as they want

sandeep410

Journeyman
They are 16 trillion in debt but still they can borrow as much they want. They keep on increasing their debt ceiling.
Which countries give them money. I know china do. But who else does?
Other countries when they have even 100b in debt their whole economy collapse.
And why doesnt value of dollar doesnt decrease.
 

furious_gamer

Excessive happiness
^^ AFAIK, they can borrow from themselves. So no issue of debt ceiling etc. But for us, we either have to go to World Bank or BRICS bank.

Correct me if i am wrong.
 

lywyre

Cyborg Agent
The US govt prints Security Bonds, The Federal Bank creates virtual money and lends to the US Govt in lieu of the Security Bond and voila ... more money
 
OP
S

sandeep410

Journeyman
Security bonds needs to be bough by some1. They cannot just create virtual money bec that will result in the dollar being devalued.
Which will make US very poor country.
 

Nanducob

Wise Old Owl
They are 16 trillion in debt but still they can borrow as much they want. They keep on increasing their debt ceiling.
Which countries give them money. I know china do. But who else does?
Other countries when they have even 100b in debt their whole economy collapse.
And why doesnt value of dollar doesnt decrease.

They have the right to tap your cellphone,so:rolleyes:
 
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