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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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As I have said before the economy needs either QEing or the fiscal stimulus of deficit spending to the tune of 1.2T USD a year. If you stop providing that fiscal liquidity what will happen to the economy? AND THE SOVEREIGN DEBT BUBBLE GROWS EVER BIGGER...
But ya see this is also a TAX on the world because of the USD reserves that the nations of the world have to keep on hand for the purchase of oil AND the amount of US Treasuries the world holds. The Chinese are still buyers for if the US collapses where will they sell their goods and then what happens to their economy....one viscious circle that is getting faster and faster every day.
BTW I don't dwell on this stuff nor think about it much, not much that we can do really.
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"Some Observer"
Last edited by tabs; 08-27-2012 at 11:45 AM..
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