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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (215908)	1/24/2005 7:08:15 PM
From: Road Walker	Respond to of 1573943

re: I have always believed that politics and economics are indelibly linked. I have also added that sometimes an imperative supercedes the need to focus on your wallet. You just don't get it do you. It appears that the world is losing it faith in the dollar (read the US), for economic and political reasons. Assuming that cascades, as many suspect, then the results will be much more dire than any terrorist attack that your sick imagination can conjure up. We are on the cusp of the world losing faith in America, and all the consequences that that implies. No more wars, no more dictating to the rest of the world. High interest rates, huge housing foreclosures, record backruptcies, record unemployment. It the world calls in it's debt, we are in VERY deep shit. And Bush (and the neocons) are trying to intimidate the very folks that hold the debt. Our power (military and economic) comes from confidence in the rationality of our economy and the US government. With record current account deficits (worthy of Argentina), and spastic reactions from our executive branch (with the unfathomable support of the voters), the world is slowing but steadily turning against the US, not just losing confidence. They are looking at us as the enemy. A far cry from just 4 years ago. Wake up, we don't exist in a vacuum. This is the real crisis, not terrorism. The own our debt, they own us. Imagine you had a $500K mortgage and the lender said "I want the money now", and no one else would lend to you. We are not invincible. With the right combination of arrogance and stupidity this great country can be brought to it's knees in 8 short years. Bush is working on it. And I think he might pull it off. John