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Sept. 23 (Bloomberg) -- U.S. budget deficits will continue to pile up in the next decade, eventually reaching an unsustainable level that may result in an economic collapse, according to Richard Duncan, author of “The Dollar Crisis.”
The U.S. has little chance of resolving its deteriorating financial position because the manufacturing industry continues to shrink, leaving the nation with few goods to export, said Duncan, now at Singapore-based Blackhorse Asset Management.
Originally posted by burntheships
Mind your money I think his comments are a ploy and
9.05 Trillion dollars of debt in the next 10 years?
That is what we will have if the looting continues...
Workers will continue to see falling wages...
Originally posted by MikeboydUS
In the end I think we will come out stronger than we have ever been. Our manufacturing and industrial base will return. Conscription would become part of life. I think it could be comparable to the transition between the Roman Republic to the Roman Empire. Where we go from there I'm not sure, but anything is possible.
Originally posted by RightWingAvenger
reply to post by burntheships
Yup...Too bad we as Americans don't have the bath houses and whores like ancient Rome used to. At least the peasants could enjoy some fun
Originally posted by kissmygrits
reply to post by MikeboydUS
Mikey-where is all this going to happen .on Araknia?.KMG