posted on Aug, 4 2011 @ 10:14 PM
this is what happens when people push for globalization one goes down they all do sure you can pick and choose how and why but nothing will change
the end result.
other countries for decades have been riding the coattails of the us and become dependents on us and the debt talks were unneccessary the only thing
they had to do was to cut spending and they didnt and enter the rest of the world getting spooked and any little thing can set off a panic.
they cant erase the debt unless you dont want to pay ss medicare and medicaid and other government employees and pensions and the rest of the debt is
the uk china and japan.
heres the kicker the real reason the debt talks came about is because they cant cut spending because that spending is covering up the theft of all
that intragovernment debt hence the continual push to increase taxes and reliance on other government fundings.
and japan and others will follow as the result of those debt talks and bill signing.
edit on 4-8-2011 by neo96 because: (no reason