User 196790

The American Crisis and the Case for an Inflationary Depression

www.federalreserve.gov...

look at our external debt under clinton and our trade deficit under clinton. he vehemently fought for increased trade with china and the rest of the world, thinking the united states would gain from exporting its expensive goods and services to the chinese, who couldn't afford any of it.

he financed the strong economic growth of the 90s through foreign debt, the issuance of which has caused a debt bubble whose collapse could spell a devalution of the USD.


On Dec 03 01:15 PM VennData wrote:

> "...President Bill Clinton's strong encouragement of globalization
> and foreign trade led to a dependence on debt that will deepen the
> current recession into a possible depression and cause rampant inflation..."
>
>
> What are you talking about? Your ability to pick and choose causality
> is fanciful.