How come we have several trillion dollars of debt as a nation, when all we do is borrow money?

Question

I mean comeon, everyone these days is in debt, from individuals to the federal government. I'm just wondering how long the US dollar will continue to regulate the oil industry? And I'm wondering if anyone else wonders why Israel and the Iraq War were started in the first place? Maybe to secure oil? Hmm... seems our national currency is no longer based on gold, at least the kind of gold that isn't black.

Or maybe I should ask: How much longer will oil continue to regulate the dollar industry?

Answer 1

Your additional comment makes you look especially knowledgeable and intelligent. "Or maybe I should ask: How much longer will oil continue to regulate the dollar industry?". Since you can't use dollars for anything else other than oil it is completely relevant and reasonable a statement to make.

I also like to hear about how America started some with Israel? Or are you talking about Israel's war with Palestine which doesn't involve America (with the exception of our admittedly, severely misguided support of Israel in it).

Now I see where stupid American stereotypes come from. Thanks for making us look bad. Hope you leave.

Answer 2

If all one does is borrow money then one is always in debt!
Somehow I don't think that is what you meant.
America gives money to other countries and never asks for it back. Our government likes to show off as big tippers.
We are also war and power whores. We want to call shots all over the world whether it is our business or not. Take Viet Nam and Korea, there were only losers in the end, and some are still with us and still losing, still unacknowledged as victims of American egotism. The war in Iraq is estimated to last another 66 years. We have lost all perspectvie on this
issue. Is over oil or Ground Zero? We have lost too many young men and women to justify the material "OIL" arguement and we should be above the revenge factor on Ground Zero.
BUT, I would love to get anyone who had a viable part in Ground Zero and the taking of all those innocent lives in the "cross hairs". I want justice for that, but are we at all sure that it was an entire, ENITRE country or all islamics or all muslims who participated or even wanted this to happen?
Of course not, many people in those countries have no way of getting news or do not read or care, they are busy trying to survive, and we are busy trying to save face. When we left Nam many Americans felt discraced. So friggin what, if that is all we had to feel to get our boys the hell out of there I would have gladly taken on as much shame as I could handle,easier than facing a family who had lost a dad or son or lover and try to explain that we didn't want to be humiliated so Johnny had to come home in a box, or two. We should be spending our money on education and tracking down people who torment others. We lead the world in killing our own children ages 1-8. Our priorities are mutated

Answer 3

How much longer will oil continue to regulate the dollar industry?

As long as we are dependent on oil.

The answer is fuel alternatives, to save our economy and our ecology.

It is hard to do when we have war mongering, oil tycoon, mafia crooks in power. They leave a trail of destruction behind them.

They are leading the 34% of the population like sheep to a slaughter.

Answer 4

Us in the bad *** hun!

All US Government is trying hard these recent years is to control something. At least something!

European Union-single currency area; China- world market, Japan- best brains in the world; Russia- military warheads; Only fools struggle now. Only smarts work;
Meanwhile America is trying to influence these fighting nations and grab a cake for itself making all the smarts happy and letting them develop faster than a blink.

Looking at the dollar exchange rate-in different countries--------it's decreasing so fast and hardly increase.
Bad *** for you guys.
Oil will not be in one hands cuz not only America needs lights at homes !!!!!!, otherwise that big afro guys would take it for just a month if they could.

Saudi Arabia finances 60% of all US foreign investments.
What happen if they take it away one day? ... economic collapse??? and then there's no America at all.

Answer 5

Can anybody say : Bush is an idiot????
Clinton left the white house AND the government with a lot of dollars in the bank......Bush came in and BAM! The american way of life as we knew it, was a thing of the past.

Answer 6

this big build up of oil war terrorism etc is going to start another massive world War this time Germ warfare Bacterial Infections Bird flu and best of all Radioactive exposure without the use of Bombs i hope im not around when **** hits the fan

Answer 7

I guess the US government is saying that if you are not in debt, get in it.

take advantage of the free money. If everything collapses then make sure you have a gun so you can eat.

Answer 8

u . s . is very own via evil firms who have not have been given any activity interior the good of the extremely working human beings. they are seen as commodity and offered and offered as such devoid of regard to what's going to replace into of them. that's genuine of many first worldwide united states. And that's the fault of the allied stress of WW2, of their activity to be the hero of the worldwide they have enable destruction in a sluggish insidious thank you to befall them.

Answer 9

Why is it that Bush has a shuttle built for him? Chenay has a shuttle built-ask yourself! Why is it that evils like these two are in office and we do nothing to be rid of them? The devil walks the earth and people are too ignorant to stop him!

Answer 10

Some debt is good. It actually keeps the economy stronger.