Quote:
Originally Posted by Bman
Part of the problem is Iran, North Korea and CHina are printing US dollars too... 
then again I think most countries are in a heap of trouble, if the US goes down so will everybody else. |
the real problem is that you are exporting your inflation to keep your economy strong...this is the mother of all bubbles
= your economy
inflation is the USA-s largest export:
http://theeconomicanalyst.com/conten...port-inflation
you have it easy, you command most of the oil, make it be sold for your inflation dollar artificially raising the $ price, then you are printing more money and buying up bonds and flooding the market with cash...
the sun set on the american economy a long time ago...the only thing that is keeping you from not sinking is that you are slowly pulling others down with you by exporting your troubles by printing absurd amounts of cash and, basically giving out checks with no real money to back it up...factor in the outsourcing and the rampant corruption that the US corporate government is dying from and you get a clear picture...