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US is no different than Greece
- Thread starter zdreg
- Start date
I donât think the US is quite Greece, but I do think some of the debt problems need to be addressed. It should concern Americans that the debt is so high and has no foreseeable way to be lowered.
Quote from chaykapwr:
I did present facts.
I presented a research paper by someone who actually has some knowledge in the field in which they talk. Not someone who posts things from yahoonews and thinks they are the smartest guy in all rooms not just the room.
Any rebuttal to the paper I posted? Didnt think so boy
as to the document you presented the last line says it all Dr. Jin Zhongxia is Head of the Research Institute at th
e Peopleâs Bank of China
.
This article is
his personal view and may not represent the opinion of PBOC
furthermore it is unlikely any chinese official would say anything that would precipitate a run on the dollar. since they sitting with a lot of dollars the goal is to diversify out of dollars with the least market disruption.
Quote from Derrick1983:
I donât think the US is quite Greece, but I do think some of the debt problems need to be addressed. It should concern Americans that the debt is so high and has no foreseeable way to be lowered.
why do you feel that way when the US is made up of 50 states with each one = to greece + a federal goverment = 30x greeces. if you add it all together it is a fiscal disaster.
The significant difference I see between the US and Greece is that the US can use its military to extort the world.
The situation is like two people who start running up debt, one, Zorba, is eventually forced to work more hours and spend less. The other, Sam, is able to run around stealing from everyone else in the neighborhood.
It will just make the end far worse for the US, although at least for some segments of our society we will be able to delay the day of reconing awhile.
The situation is like two people who start running up debt, one, Zorba, is eventually forced to work more hours and spend less. The other, Sam, is able to run around stealing from everyone else in the neighborhood.
It will just make the end far worse for the US, although at least for some segments of our society we will be able to delay the day of reconing awhile.