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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (53998)	7/28/2016 6:41:21 PM
From: philv	Read Replies (1) \| Respond to of 81023

USA has been the consumer of last resort. With the strong dollar, cheap junk from China, and no incentive to save, why not spend ... borrow and spend even more? Life is not bad for most I suspect. US housing mkt. crashed back in 2008/9, something that didn't happen, in the countries you mentioned. But as you know, prices are moving up on both coasts, and given time, maybe they will catch up? With a 20 trillion debt, there exists a lot of distortions, and I can see no sign of slowing down, with Japan and the E.U. still pushing their debt ever higher. Ditto Canada under our beloved sexy P.M. What would the world look like if there was a debt freeze? What would the world look like if nations were to pay down their debt? I know, ain't gonna happen. Not voluntarily.