Tony Daltorio

Why You Should Stick With the Dollar and the U.S.

If anyone wants to see why the US is going down a sinkhole, never to rise again to a position of strength just read this commenter. And most Americans think like him.


On May 24 09:16 PM IronMeteor wrote:

> With all due respect
>
> In the words of Peter Shiff, "We are not the engine, We are the caboose,
> and we are being cut loose."
>
> Peter Schiif is an idiot. That is the dumbest comment ever. Have
> you ever been to Europe, Japan, China, South-East Asia. I have been
> to all them. We are the engine, the cabose and the whole damn train
> to those export driven regions. I dare them to cut us loose. I will
> laugh as our manufacturing ramps back up and they die on the vine.
>
>
> Come on, lets stop this fantasyland crap. China owns 2T in US assets
> because they sold us 2T dollars worth of junk the last 10 yrs. Who
> is going to buy 2T in the next ten. Their own citizens. Give me a
> break. Go visit China. They are poor and save every nickel. How about
> BMW, they going to sell all those expensive cars to China. Right.
>
>
> Come on, the reason the world economy has tanked is the US consumer
> has tanked. They accounted for 60% of the growth from 2000-2008.
> Who is going to take that slack up. Its sure easy to run surpluses
> when you have a credit debt bubble in the US and debt addicted consumers
> buying it all. But now what, those US consumers are down and out
> (it's true) but so are all those export driven areas. I want to see
> Japan and Germany be so smug when we aren't buying their stuff. Those
> surpluses will be deficits (they now are, amazing). Who would you
> rather be, a recovering drug addict or the drug dealer who has no
> more customers.
>
> We suck, we were drug addicts. But they suck even worse, they were
> the dealers.
>
> Please, stop the insanity. Its hurting my ears.
>
> Go ahead and listen to Peter Schiff, I guess losing 1/2 your money
> last year wasn't enough. You want to lose it all.
>
>
>
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