America and Europe sinking together
- Thread starter zdreg
- Start date
M
morganist
In Europe it has been perpetual borrowing since the second world war. Is this the same for US.
M
morganist
Quote from jueco2005:
Only WW3 and 1 billion dead could save the economy
Within a decade the billion would be made up again. In fact even if two thirds of the world was wiped out the same population we have now would be back in a century maybe less.
That pretty much sums it up. We're all going over this cliff together..
M
morganist
It will drag China down too. They own all they debt. When we default their economy will crash. Japan is on a knife edge too. Ironically the earthquake rebuilding may help the economy, although it was a terrible tragedy, it might have given them a way out.