If this is your first visit, be sure to
check out the FAQ by clicking the
link above. You may have to register
before you can post: click the register link above to proceed. To start viewing messages,
select the forum that you want to visit from the selection below.
didnt watch the video, but its pretty easy to see how it can happen. You cant pay off the debt without an economic collapse. You cant stop borrowing without an economic collapse, and you can't continue borrowing money without an economic collapse.
guido61 wrote: Oayji/Ed keeps fantasing of a complete collapse of the US economy. He'll no doubt have to keep waiting.
Certainly not a fantasy. I just don't see how the American economy is sustainable.
Not to say it can't happen. Like Japan, they can waffle along for years printing money and hoping that works. But seriously, it doesn't work. It jus puts off the inevitable, while hoping that the rest of the world does the same.