Wall Street Slammed After China Stock Woes
NEW YORK — Stocks had their worst day since the Sept. 11, 2001, terrorist attacks Tuesday, briefly hurtling the Dow Jones industrials down more than 500 points on a worldwide tide of concern that the U.S. and Chinese economies are stumbling and that share prices have become overinflated.Who does the U.S. government owe billions of dollars to (beside Japan)?China. Go ahead, explain to me how the stock market and the national debt aren't at all related.
Let's face facts, the minute we ditched the gold standard for federal reserve notes, our initial situation of pretending something was valuable went out the window for a scheme based on *actually* nothing. We (the U.S.) will never have enough money to pay off our national debt. We must instead simply hope that the countries we owe so much money to develop such severe economic problems that our debt somehow gets cancelled out. It's like a never ending game of Monopoly on a global scale.