Slug69 Offline Upload & Sell: Off
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JWilsonphoto wrote:
I apologize! Isn't that what we do now, apologize? Right, wrong or indifferent, just apologize, it's much easier to do that than make the difficult choices that require character. I was in a meeting yesterday where some very bright people discussed the very real possibility that this administration will continue to spend us into hyper-inflation in the next 12/24 months with absolutely no positive result from the rampant printing of money (we don't have), other than plunging an already teetering economy into a second and deeper economic debacle. And before you lambaste me, know that I am bipartisan, I'd like to fire them all and begin again, with some people who understand that they "serve" the citizenry and possibly this fresh group might have some memory of what it's like to work several jobs to make ends meet and that you just don't throw trillions out the window and call 1-800-CHINA when you can't pay your bills. Oh yeah, and how about when you have a radical in a leadership role in a branch of your armed services, have the cajones to weed him or her out, instead of "watching" them until they launch jihad and murder a dozen of our heroes. You don't have to be a rocket scientist to see this collection of neophytes and crooks are in way over their heads and we can ill afford an experiment at this stage, nor can the world afford for us to be experimenting and borrowing truckloads of money from regimes that intensely dislike us.
Just had to point out something about the rampant printing of money for you JW.
Most of your countries debts are in straight US dollars.
China is the country who stands to lose the most in terms of outright cash from the US. They have currently seen the real value of the debt owed to it from the US drop by over 20%. They are intensely worried about this and frankly I cannot believe most Americans don't know this.
The drop in the value of the US dollar will eventually see the return of the US Manufacturing industry ramping up exports.
The tough times ahead will see Americans do what they have always done in tough times. Succeed. It is for this reason alone the US Dollar still has legs whereas most other countries in this situation would have seen their currency dumped a long time ago.
Chin up dude.
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