[familyop]

We’re in worse shape than Europe. There’s way too little manufacturing for sustainable revenues to pay government debt here. Our USA and nearly all of its local governments are heading for the inevitable end of this default process and repudiation.

When attention turns to the realities of our own debt, further bloated by too much money from foreigners stuffed into our essentially worthless bonds, the dollar will drop like a rock.

[cornfedcowboy]

We’re in worse shape than Europe. There’s way too little manufacturing for sustainable revenues to pay government debt here

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Our country is fortunate to still have many resources and valuable land. Not saying our debt is a good investment, just to say we can find a way out of it although painful.