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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: pompsander who wrote (737020)4/17/2006 3:20:46 PM
From: DuckTapeSunroof  Respond to of 769670
 
Re: "It's the national credit card problem. Let the next generation pay for it....and when China and Japan own us, we'll worry about the ramifications then."

I fear the trigger will be when China and Japan allow their currencies to seek natural market exchange rates.

The collapsing dollar will force long bond rates *way* up.

THEN take a look at carrying costs on the bulbous national debt....


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