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Suggested Predictions
Ziibos (10)
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Yes, there are some countries with savers. But there are far more with people barely getting by. And that would be a majority of the world's population. How much money can the world's 2 cent a day workers save and put in a bank to buy our debt? Some of the debt buying may be legitimate, but the Central Bank, European Central Bank, and Bank for International Settlements may have cooked up most of these "foreigners" to inject money into the economies. After all, our money is not backed by gold or anything else. They can just 'make it up'.
Comments (2)
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investments make sense. Buy while the dollar is dropping, either way they are winners, If the dollar takes a dive they win, they bought into the largest economy in the world, and bought reasonably cheap, If the economy recovers the investment increases, How do you lose? Remember 40% of the world doesn't even have indoor plumbing, or toilet paper. So why buy elsewhere? Besides the buying of America isn't by Joe Asia, or Joe Europe it is by Major Corporations, Foreign Banks, and Soviern Country Funds. We don't even own the famous Westinghouse corp., a major American powerhouse. France owns major Water Companies, Canada owns the rail lines that are the major north south backbone of our country. States are selling our Toll roads to foreign companies. In 5 or less years, we won't be able to pay our bills, bankruptcy time., Meanwhile we fiddle away our resources in Iraq, Afganastan, and give it to Wal-Mart that kills private enterprise, and sends Billions to China. Meanwhile we sit back and watch 2 idiots spend 100's of millions dollars trying to seduce the stupid public on how they will shaft them when they get elected. It's no wonder our money is falling, everyone in America is asleep at the wheel.