I agree. The loss of the petrodollar system in 2013 and nations will dump the USD as a reserve currency. Interest rates will rise and the 16 trillion
will be unpayable. America will need a loan from the IMF.
Everyone is getting scared.
There is really nothing that can be done. The hole is too deep.
The International Community is close to fed up.
16 trillion dollar debt, 500 billion trade deficit, no budget, devaluing currency through quantitative easing, overspending, waste, derivatives mess,
military overspending, no election for four years, bad credit rating that will only get worse, not better...
America is doomed.
Stealth austerity wont save it. Nothing will.
The states that secede first will be better off. Why go down with a sinking ship? States like Texas could save their citizens by becoming a country.
Its the only real solution.
edit- even Japans Prime Minister is saying that Japan must protect itself from the doomed USD. Everyone is about to delink from the US. All Americas
'friends'. The Central Banks will have no choice but to dump the USD. Who can blame them when Bernanke is running it into the ground? Did he really
think the International Community would stand for it?
edit on 23-12-2012 by spangledbanner because: (no reason given)