Even now, to most or many Americans the above scenario - nay, reality - seems too incredible to believe. Yet, the bailout is now projecting out near 5-trillion dollars, not to mention the looming 'margin calls' on 53-trillion in long term debt - which ain't "supposed" to happen.
Which leaves me hard pressed with regard to our government's ability to sustain the currency. That's why I posted on the conditions in Iceland, which is at the bottom of the financial food chain. Still, their situation is not that different from our own, Iceland is just in the advanced stages. A precursor. No long ago the American sign of normality was Johnny Carson; if he was on, everything was okay. Well, Johnny ain't on no more, and his sidekick turned into a beggar. --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
