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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (264714)	10/26/2003 9:24:33 AM
From: Rarebird	Read Replies (1) \| Respond to of 436258

<rapidly escalating debt levels in the US> The danger signs signalling that the US is entering into financial crisis stand out like a searchlight in a coal mine. Out of control budget, trade, and current account deficits, complete reliance on foreigners to fund same, a debt-choked private sector, and last but not least, the almost complete isolation of the US from what were once its allies. Moreover, the talk of a "strengthening US economy" is every bit as much a sham as was the talk about WMDs in Iraq. US economic "growth" figures reflect nothing more than the gigantic growth of "deficit spending" in both the public and private sectors. My understanding of a "financial crises" is that it is signalled by a fall, usually a violent and sudden fall, in the exchange value of the currency of the nation so affected. I am positioned accordingly.