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Old 04-29-11, 04:55 AM   #6
Skybird
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And so the US is set to continue living on tick. Once again it is agreed on that tackling the debt burden - must be left to the next generation. Same song like in the past 50 years. While everybody really thinks this: we do not serve our debt duties anyway - not now, and not in the future. Basta!

Nixon's finance minister brought the American selfishness and irresponsibility to the point when saying: "It is our dollar, but your problem."

But the wakeup day will be coming, and not too far away it is. And then the pain and agony, the depth of the fall will be so much worse.

I must say I will withhold both compassion and sympathy on that day. Both would be completely undeserved.

Not that European politicians think differently. But the American example causes more distortions in the world than that of just one or two European countries, and the USD also is the biggest debtor in known history.
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