People think the government can save us like FDR did in the Great Depression.
I doubt it. This time Big Government ALREADY has BIG DEBT.
Whose going to lend Government the money to fund Obama’s socialistic plans? Nobody. Not even the Arabs and China has her own stock market crisis.
Better have a trade,foodstuffs, gold or something of value(like shotgun shells) cuz jobs like lawyers, financial advisers or stockbrokers won't be in much demand in a “barter” economy.
What you say is true. The international scene is worse even than ours, since our transparency, relative to the rest of the world’s economies, allowed our bubble to pop ahead of everyone else’s. The rest of the wolrd is lagging us by a few months to maybe a year.
Indeed, how can we borrow aborad to finance our debt is a profound obstacle to socialist dreams which never create wealth.
exactly.