Nothing but a pack of cards
Jun. 21st, 2003 02:26 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
If you have eny economic knowledge, or interest in such, read this, which demonstrates that the US has no got itself into such huge debt that it's only floating because other countries are afraid to let it sink and so keep lending it money.
All it's going to take is a move to other currencies for internation trade (say, the Euro, for instance) and the whole thing will come crashing down.
The next few years should be very interesting...
All it's going to take is a move to other currencies for internation trade (say, the Euro, for instance) and the whole thing will come crashing down.
The next few years should be very interesting...
no subject
Date: 2003-06-21 09:42 am (UTC)no subject
Date: 2003-06-22 12:09 am (UTC)In a recession its mostly the poorer elements of society who are laid off and suffer, the same is going to be true on a global scale.
no subject
Date: 2003-06-22 02:19 am (UTC)no subject
Date: 2003-06-22 04:08 pm (UTC)