i don't see it working out. we owe more money than we can ever dream of paying back. anytime the chinese decide to cut us off, we are dead. the only thing that saves us is that the USA tanking would so hurt china that they will pay a massive price to avoid it.
but how can the endless trillions spent be paid back in any way other than currency devaluation? in the end, it's a house of cards, no? On Sat, Jan 9, 2010 at 1:21 PM, Scott Ritchey <ritche...@nc.rr.com> wrote: > What do other listers think about the current US economic posture? > > Some pundits, like Peter Schiff, claim we are in deep doo-doo because we > went into hock up to our collective necks while we have simultaneously cut > way back most wealth (things of value) producing activity. Schiff predicts > very hard times ahead for the US dollar and all those that depend on it. > > I would be interested in reasoned, objective opinions from the diverse > folks > on this list on this subject. > > Scott Ritchey > > > > _______________________________________ > http://www.okiebenz.com > For new and used parts go to www.okiebenz.com > To search list archives http://www.okiebenz.com/archive/ > > To Unsubscribe or change delivery options go to: > http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > -- save 5% on our already low, low prices. use coupon code DAVE at checkout. www. BuyEUROparts.com _______________________________________ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
