Discussion in 'Economics' started by zdreg, Jul 5, 2011.
In Europe it has been perpetual borrowing since the second world war. Is this the same for US.
Only WW3 and 1 billion dead could save the economy
Within a decade the billion would be made up again. In fact even if two thirds of the world was wiped out the same population we have now would be back in a century maybe less.
That pretty much sums it up. We're all going over this cliff together..
It will drag China down too. They own all they debt. When we default their economy will crash. Japan is on a knife edge too. Ironically the earthquake rebuilding may help the economy, although it was a terrible tragedy, it might have given them a way out.
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