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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Secret_Agent_Man who wrote (16043)	1/5/2009 4:45:42 AM
From: Real Man	Respond to of 71474

The dude is not yet in office, I'll give him a chance. He can't be any worse than Shrub -g- His presidency will be very difficult. My first optimistic prediction is that the second half of the WS bailout money gets a halt once he is in office. The second optimistic prediction is that he will try to push through manufacturing bailouts. Those are positive. In general, US liabilities are not that high, as far as sovereign debt is concerned. However, SS and medicare are a big problem. The funds were completely robbed during the Shrub times and are now gone.

To: Secret_Agent_Man who wrote (16043)	1/5/2009 5:08:00 AM
From: Real Man	2 Recommendations Read Replies (2) \| Respond to of 71474

The biggest problem is not even SS, it's medicare. The reason, however, is that 8% cost increases are projected way into the future. There is one simple solution to this problem - the doctors just have to be paid less, since nobody can really afford medical care anymore. They charge at least 10x the cost for prescription medications and the care itself. Nationalizing US medical care is not such a bad idea - many countries have done that, with results not so bad. Insurance companies get overcharged anyway. -g-