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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: philv who wrote (22180)12/15/2004 3:53:32 PM
From: philv  Read Replies (1) of 81011
 
Let me answer my own question.

Other than hot air, the U.S. must live within its means. This means cut backs including the military. It means supporting a high interest rate. It means renouncing the future obligations under health and welfare.

None of the above are without consequences, severe depressive consequences. When you take drugs away from an addict, things get pretty desperate.

Even if you believe such a scenario is in the cards, the rest of the world would simply adjust and copy in an attempt to maintain their relative advantage.

There really isn't any magic. Other than the printing press and interest rates, what other tools are there if a nation will not live within its means? Hot air can lift a balloon to unbelievable heights, but eventually it must cool and come down to earth.
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