Well it looks like they are going to have a darned good discussion about the debt and lol then they will raise the debt ceiling.
“The top White House economic adviser warned lawmakers Sunday that the United States faces a catastrophe if Congress does not raise the debt ceiling, as spend-averse Republicans indicated they’d be willing to support the increase so long as certain conditions are met.”
We are doomed!
Yes. I attended an event in which he spoke on the same subject. He was fantastic. Funny Paulson also spoke and of course they had two diametrically opposed takes on the outlook of our country, its solution, and analysis. I personally place more faith in Niall’s POV as did the majority of the audience. The even was last August.
The longer they kick the can down the road, the more cataclysmic the fall will be.
A good friend has come to know Prof. Ferguson personally and he’s been very consistent on these themes for several years. He’s a person that our leaders need to hear, and hear well.
Niall Ferguson is the best historian writing today, by far.
China is unlikely to be a serious contender for world power. Its weaknesses are worse than our own, except they are hidden while ours are on the surface. China is much more likely to fall apart in the next few decades than is the USA.
Russia is in even worse shape, as is much of Europe.
That we are in a mess does not mean others aren’t in an even worse mess. You may recall how Japan, Inc. was going to take over the world, and fell apart economically shortly after this was proclaimed.
IMO
Niall Ferguson bump for later.........
Thanks for posting. Mr. Ferguson is very engaging and effective in delivering the message.
It is such a shame that only Paul Ryan really gets it. The future looks very bleak.
Okay, that was a little more than scary.