[koan]

you are right about my confusion. there are so many aspects to it. that is why i started reading up on it. The US does not owe 8 trillion to the rest of the world. the point is more about finding links to how international trade works. That is how the issue is made clear on what is so "evil" about the countries in that "axis".

regardless of how many unprinted dollars are actually owed...the success of the US economy depends on exchange happening in dollars not euros...or any other currency. The "wealth" of the country is only a result of being able to slough off inflation to other countries as they buy US dollars to trade with. Oil as a major factor in international trade has to remain in US dollars for the US to maintain the value of it's currency. The "axis" countries all threaten to convert oil values to euros.




btw I wouldn't be surprised if there is an attempt to "annex" Canada and Mexico