R
RedOctober
Guest
Well, I read this in a serious Dutch newspaper.
The USA is on the edge of a total economical collapse.
Lending a lot of money from foreign countries.
A budget that is red as hell..
Names to Google..
Mark Weisbrot, Center for Economic and Policy Research (left wing)
Niall Ferguson, right wing historian. Literature... Colossus.
BAD NEWS:
The USA will never ever be able to repay it's debts, iven if all American citizens would pay a tax of 100%.
The USA would even be then be 45.000.000.000.000 $ short!
The article says, the facts are being withheld by the press and the media.
Ferguson (right wing) says:
"The news is so bad, that nearly nobody wants to believe it!"
And...
"It will take some time untill investors understand what is happening, and begin to sell."
That is what I read and heard here in Europe some time ago.
A Dutch electronics firm already moved slowly from the USA to the Chineese market. Get the point?
To say it very simple...
You spend far more as a nation than you can afford!
The USA is on the edge of a total economical collapse.
Lending a lot of money from foreign countries.
A budget that is red as hell..
Names to Google..
Mark Weisbrot, Center for Economic and Policy Research (left wing)
Niall Ferguson, right wing historian. Literature... Colossus.
BAD NEWS:
The USA will never ever be able to repay it's debts, iven if all American citizens would pay a tax of 100%.
The USA would even be then be 45.000.000.000.000 $ short!
The article says, the facts are being withheld by the press and the media.
Ferguson (right wing) says:
"The news is so bad, that nearly nobody wants to believe it!"
And...
"It will take some time untill investors understand what is happening, and begin to sell."
That is what I read and heard here in Europe some time ago.
A Dutch electronics firm already moved slowly from the USA to the Chineese market. Get the point?
To say it very simple...
You spend far more as a nation than you can afford!