ozzy43, damn near every government on Earth is in debt. The notion that the U.S. is screwed because the debt has reached 60% US GDP is laughable, especially when you compare that level of debt to the rest of the world.
Also, if you ask the people of the Austrian persuasion what's going to happen to the United States, who would care if China hd 2 QUADRILLION in US Treasuries? Worthless paper. So's the yuan. So's the euro. So's many other forms of currency.
We're all screwed, unless we stop listening to those who want to destroy the world economy for some strange reason.
Where Does Oil Go from Here? [View article]
Also, if you ask the people of the Austrian persuasion what's going to happen to the United States, who would care if China hd 2 QUADRILLION in US Treasuries? Worthless paper. So's the yuan. So's the euro. So's many other forms of currency.
We're all screwed, unless we stop listening to those who want to destroy the world economy for some strange reason.