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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 378.35+2.7%Nov 10 4:00 PM EST
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To: TobagoJack who wrote (66373)9/23/2010 7:32:11 PM
From: KyrosL3 Recommendations  Read Replies (2) of 217656
 
I don't know what you are talking about. The external debt of the USA is in dollars. We can just print them. A trade war eliminates the import financing requirement, because it eliminates the trade deficit. The US routinely used to save 10% of its GDP, which is plenty for all investment that i can envision. Already US savings are more than 6% of GDP right now, up from 0% or negative only a few years ago. We obviously need to cut down defense spending by 50% or so and get rid of the vast majority of overseas bases. We won't need to safeguard oil and trade routes anymore. Let those that need the stuff do it :-)
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