Quote:
Originally Posted by Diesel911
If the Economy is not growing then I think We are losing Ground. And, even if it is growing it has to grow at a fast enough rate in order to be what I will call profitable.
However, as far as buying other County's Debt debts I guess USA Debt is better to have than the mentioned Country Zimbabwe debt would be.
Our Country certainly has a lot of Assets that can be seized if We default on our Debt.
Or the Debt holders like Mobsters can demand "Favors" from us.
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Certainly no one will ever be seizing our assets. Especially as our greatest asset is our people.
The debt business is really only a concern as long as our country wants to play by the rules. At some point we may decide to say *uck everyone else, and just go into full on isolationist/protectionist mode, and live and die by only that which we can produce here.
Obviously that would be akin to a WWIII kind of decision, but not one that the rest of the world would do well to forget exists.
As for favors... seems like the more we give to a country the more favors they ask of us...