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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 414.48+0.7%4:00 PM EST
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To: RJA_ who wrote (50760)6/2/2009 9:59:46 AM
From: Haim R. Branisteanu1 Recommendation  Read Replies (3) of 219166
 
The whole US financial system was abused beyond the limits and it now coming crashing down - simply put I do not see how at current exchange rates the US will pay down the debt.

The last time US debt was so high the US industry had little competition worldwide as Europe was decimated by war and China/India was still a backyard country
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