So lets do a "what if" scenario, just for fun, ok?
Imagine that you could see a year into the future. You see the dollar collapse. So what would YOU do to ensure your survival. (for this exercise lets say you have very little cash)
Well I can tell you what i would do. I would max out my credit cards with cash advances and try to grab as many real assets as I possibly could, this way, when the dollar does collapse, I could sell a very small portion of those assets to pay for that HUGE debt I just ran up.
Wait a minute! Does this sound familiar? Uncle Sam wants our economy to keep going, but if they see that there is no stopping the collapse of the dollar what should they do? They only need to do one thing. Get the debt ball as high as possible and pay it off when the dollar collapses. Max out "their" credit cards in the form of a 700 billion dollar bailout. This makes sense as to what is happening now. GM, F, and Chrysler are in big trouble. Keep them going now with 25 billion so when the dollar collapses, they can pay off their debt and are running free and clear.
Banks? keep them afloat with a few 100 billion just long enough until the dollar collapses and all that debt was pulling them under vanishes!
The people that didnt have anything will hurt for a while, but in a few years, America will start over, with zero debt and a "new dollar" which will probably be called "the Amero"
Remember...when the Soviet empire collapsed, There were more than a few russians that got rich almost overnight. It was a little bit different because they were communist, so people like managers of companies were the ones who then "owned" the companies after the collapse and were keeping all the profits when selling everything. Here it will be, anyone who had huge amounts of debt connected to real assets will be the big winners.
If you have a different opinion i would love to hear it, but I think what is happening today speaks for itself.
Imagine that you could see a year into the future. You see the dollar collapse. So what would YOU do to ensure your survival. (for this exercise lets say you have very little cash)
Well I can tell you what i would do. I would max out my credit cards with cash advances and try to grab as many real assets as I possibly could, this way, when the dollar does collapse, I could sell a very small portion of those assets to pay for that HUGE debt I just ran up.
Wait a minute! Does this sound familiar? Uncle Sam wants our economy to keep going, but if they see that there is no stopping the collapse of the dollar what should they do? They only need to do one thing. Get the debt ball as high as possible and pay it off when the dollar collapses. Max out "their" credit cards in the form of a 700 billion dollar bailout. This makes sense as to what is happening now. GM, F, and Chrysler are in big trouble. Keep them going now with 25 billion so when the dollar collapses, they can pay off their debt and are running free and clear.
Banks? keep them afloat with a few 100 billion just long enough until the dollar collapses and all that debt was pulling them under vanishes!
The people that didnt have anything will hurt for a while, but in a few years, America will start over, with zero debt and a "new dollar" which will probably be called "the Amero"
Remember...when the Soviet empire collapsed, There were more than a few russians that got rich almost overnight. It was a little bit different because they were communist, so people like managers of companies were the ones who then "owned" the companies after the collapse and were keeping all the profits when selling everything. Here it will be, anyone who had huge amounts of debt connected to real assets will be the big winners.
If you have a different opinion i would love to hear it, but I think what is happening today speaks for itself.
