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While I know most of us are investors, many of us are not economists. I'd still like to think we are more informed than the average person. Either way, it doesn't take a rocket scientist or an economist to see where we are headed is NOT good. We all know it. KNOW, not think. Do we KNOW exactly how the events will occur? No. But we know it won't be good and our "leaders" try to continue things down this same road. Idiocy. But hey, at least we picked our leaders from our amazing choice of ... two men. (Is that Democracy? Choose A or B?)
Jun 07 14:29 pm
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All Comments by Robert Nabloid »Team Obama's Charm Offensive [View article]
There is no way foreign governments don't see where this is leading. Truth be told, it is cheaper for them to continue this charade while also diversifying their assets. They can destroy much of the American super power status (which is due to our economy, not our military - how do you think we afforded our military?) by helping us weaken and destroy us economically. Wars cost a LOT of money. Helping us do what we are already doing only costs US a lot of money. While they will lose much of the value of the US assets they hold, it is nothing compared to what a war would cost them. And yes, wars can and will still happen, but boys and girls, they are waging a 21st century war by defeating our economy with economics. And we want to continue it! The worst part is our enemies must only wait another 10-15 years until we have a massive % of population that is retired and no longer contributing to our economy... What will it look like then?
Bush for 8 + Obama for 8 = screwed from both parties, both ways + boomer's retiring in mass = end of American super power status + lower standards of living while a race to the bottom occurs with wages.