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Japan, UK, China...US Debt
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John Burns
Posted 1/21/2026 07:07 (#11518717 - in reply to #11518642)
Subject: Our dollar, your problem



Pittsburg, Kansas		'John Connally, Nixon’s Treasury Secretary, told stunned foreigners that this was “our dollar, but your problem”.'

From the Nixon era when we went off the gold standard. (temporarily, so they claimed)

They are kind of damned if they do, damned if they don't. They are in no better shape and to start some sort of domino debt cascade could be catastrophic for all, everywhere.

Remove one card and the world wide fiat currency house of cards all falls down????

Edited by John Burns 1/21/2026 07:15
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