- Joined
- Dec 14, 2006
- Messages
- 7,588
- Reaction score
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- Location
- Western Europe
- Gender
- Male
- Political Leaning
- Other
The US is clearly heading in the wrong direction.
-Budget deficits are record high, 50% of all spending is deficit
-Unemployment is very high
-Yet inflation is high
-Stimulus spending has kept the US economy, the FED have no more tricks left, more stimulus will further devalue the dollar and the US economic stance in the world. Even more reserve will move out of dollar to other currencies, mainly the Euro.
-The Dollar is extremely low against the Euro, despite all the focus on the Eurosone countries sovereign debt
-The trade deficit situation has not improved
-Investments are streaming out from the US into Asia and Europe
The US is basically facing economic implosion, yet taking on more debt. Or is it taking on more debt knowing the economy will implode?
US has reached 100% debt compared with GDP. This is only lower than Greece and Italy in the Eurosone, and much higher than the Eurosone average.
The question then is, when will the US default?
-Budget deficits are record high, 50% of all spending is deficit
-Unemployment is very high
-Yet inflation is high
-Stimulus spending has kept the US economy, the FED have no more tricks left, more stimulus will further devalue the dollar and the US economic stance in the world. Even more reserve will move out of dollar to other currencies, mainly the Euro.
-The Dollar is extremely low against the Euro, despite all the focus on the Eurosone countries sovereign debt
-The trade deficit situation has not improved
-Investments are streaming out from the US into Asia and Europe
The US is basically facing economic implosion, yet taking on more debt. Or is it taking on more debt knowing the economy will implode?
US has reached 100% debt compared with GDP. This is only lower than Greece and Italy in the Eurosone, and much higher than the Eurosone average.
The question then is, when will the US default?