There was a time when we could inflate our way out of debt. But now the GDP and the debt are too far apart. I believe it was planned that way and Bush began the destruction, knowingly or unwittingly under Paulson’s watchful dictation. We are and have been since 1913 a debtor nation, controlled by very much ‘bigger’ banking dictators. We are being incorporated into a world system just over the horizon ... well, it was over the horizon until we were herded into bankruptcy and the existence of the already printed currency was revealed.
We owe China about 800 Billion. We could print that. Heck, we spent that much on higher gas prices back during the speculator driven price run up.
China ain’t the real problem. I would tell you the real problem, but its Sunday and I don’t want to ruin the day off for freeperdom.
parsy, who’s betting the printing presses will start to work overtime.