Quote:
Originally Posted by stevz
I was actually referring to a US economist I was reading about, can't think of his name....
IIRC he predicted the gfc about 2-3 years before it happened and everybody laughed at him and thought he was a nutcase, but those people were quickly silenced come 2008.
|
You are probably talking about 'Peter Schiff' Stevz... Without goin into this subject too much the only other country that has been in as much debt as the U.S is Japan...20 TRILLION dollars....that's Trillion not Billion!!!!!!!!.....That's like 12 zero's on the end.....
Presently what is happening is 'Currency wars' where countries all over the world are printing fresh money as much as possible to devalue ther own currency to make it more competitive against other currencies...... These wars can go for 10-15yrs......They say the USD will go to about 30c or possibly even collapse..... eventually!
Our main enemy is China ie Holden Commadore 2017....... China may possibly be the new SuperPower in a few years time and the U.S will be ...TOAST!!!!!!