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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 366.51

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Nov 5 4:00 PM EST

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To: Gib Bogle who wrote (19178)	6/4/2007 1:09:08 AM
From: elmatador	Read Replies (1) of 217547

Have a look at the true costs of the Iraqi War. Americans have not yet perceived the cost effect of the war but when these costs hit them, they wil be severely affected. Message 23586270 The US government costs a lot of money. The economy have supported those costs for 60 years after WWII ended. Now the country is living beyond its means. It is fast shrinking to its natural size in need to cut costs. Not cutting costs, it will have no way but to default. Give you one example: Argentina, had 400.000 redundant civil servants. Didn't sack them. Argentina needed to abandon their state-owned universities oj its own. Needed to force the provinces to spend what they collected in taxes and not expect central government to support them. Did nothing like that. Result? default!

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