Quote:
Originally Posted by Minte
I understand that what you laid out would probably go along away in solving the huge financial problems, but you also understand that none of that will happen.
They will only borrow more money from China and tax everyone in the US more.
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Of course it will never happen, as politicians are more worried about getting re-elected and how much they will make as a private sector consultant once they retire, than actually fixing problems with this country.
As far as China and the US.. I'm pretty sure the US has gone with the stance of mutual assured economic destruction by entangling both economies so much. China on the other hand seems content to just keep the lending going in the attempt the dollar finally fails they would be in position to have the yuan take over. However I think they are trapped just like the US is because with out the US economy theirs fails as well.